NeoGenomics Shares Rise on S&P SmallCap 600 Inclusion
09 Janvier 2019 - 2:16AM
Dow Jones News
By Josh Beckerman
NeoGenomics Inc. (NEO) shares rose 8.4% to $14.25 as S&P Dow
Jones Indices said the genetic testing company will join the
S&P SmallCap 600.
NeoGenomics will join the index before trading opens on Jan. 14,
replacing government-services provider Engility Holdings Inc.
(EGL). In September, Science Applications International Corp.
(SAIC) agreed to buy Engility in a stock deal originally valued at
$1.5 billion.
Last week, Needham & Co. initiated coverage of NeoGenomics
with a Buy rating and a $14 price target.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 08, 2019 20:01 ET (01:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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