Illumina plunged almost 15% Friday after the company warned on Q2 revenue ahead of its July 29 report. The company said its preliminary Q2 sales were about $835 million, well below consensus estimates for $887 million.
Illumina stock crashed through its 50-day support level and triggered the 7%-8% loss-cutting sell rule from a 372.71 buy point.
Stock Market Earnings: Illumina Plunges
Illumina plunged almost 15% Friday after the company warned on Q2 revenue ahead of its July 29 report. The company said its preliminary Q2 sales were about $835 million, well below consensus estimates for $887 million.
Illumina stock crashed through its 50-day support level and triggered the 7%-8% loss-cutting sell rule from a 372.71 buy point.