CareDx Stock Soars: $50M Buyback Boosts Shares!
Wednesday, Jun 4, 2025 2:22 pm ET1min read
CDNA--
Caredx, Inc. rose 9.81% intraday, driven by the company's announcement of a $50 million share repurchase program, representing approximately 5% of outstanding shares. This move follows the company's seventh consecutive quarter of testing services volume growth and an 18% year-over-year revenue increase in the first quarter. The repurchase program is expected to boost investor confidence and support the stock's upward movement.
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