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StockNews.com
Business
Pragya Pandey

Should You Scoop Up Shares of 23andMe?

ME 23andMe FDA

23andMe Holding Co. (ME) in Sunnyvale, Calif., is a renowned consumer genetics and research company. As the only company with several FDA authorizations for genetic health risk reports, 23andMe has pioneered direct access to genetic information. The company has built the world's largest crowdsourcing platform for genetic research, with 80% of its customers signing in.

The company's shares are down 72.9% in price over the past year and 33.5% over the past three months to close yesterday’s trading session at $2.70. 

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