On August 29, 10x Genomics, Inc. fell 5.4% in regular trading, trading at $61.35/share, with turnover of $38.82 million.
On the news front, company co-founder Serge Saxonov recently filed Form 144 and Form 4 with the SEC, indicating a planned share reduction by the executive, raising market concerns over insider confidence. Meanwhile, the broader Life Sciences Tools & Services sector faced selling pressure, with Tempus AI down 7.48%, Agilent down 2.44%, and Thermo Fisher Scientific down 1.63%, amplifying downward pressure on individual names through sector linkage.
For context, the company reported Q2 results on August 6, posting a per-share loss of $0.14, narrower than the consensus estimate of a $0.24 loss, while revenue of $151.0 million exceeded the $146.7 million estimate. Full-year revenue guidance was raised to $610 million–$630 million. Despite the operational beat, the executive filing and broad sector headwinds appear to be driving the current session weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)