Verona Pharma, Rhythm Pharmaceuticals, AES And Other Big Stocks Moving Higher On Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2025
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks rose on Wednesday, with the Dow Jones index increasing by 0.1%, while Verona Pharma's shares surged 20.6% following Merck's announcement of a $10 billion acquisition deal.
Notable Stock Gains: Several companies saw significant stock price increases, including Scage Future (up 55.4%), ProKidney Corp (up 47.1%), and Rhythm Pharmaceuticals (up 25.8%) after positive trial results.
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Analyst Views on WGS
Wall Street analysts forecast WGS stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 65.420
Low
155.00
Averages
171.43
High
200.00
Current: 65.420
Low
155.00
Averages
171.43
High
200.00
About WGS
GeneDx Holdings Corp. is a genomics company. The Company operates, through its subsidiary, GeneDx, LLC, which is focused on exome and genome tests that translate complex genomic data into clinical answers that unlock personalized health plans, accelerate drug discovery, and improve health system efficiencies. It operates through the GeneDx segment, which primarily provides pediatric and rare disease diagnostics with a focus on whole exome and genome sequencing and, to a lesser extent, data and information services. Genomic sequencing tests include whole genome sequencing, whole exome sequencing, prenatal genetic testing, targeted testing, pediatric neurology, general pediatrics, geneticists and genetic counsellors, and others. It offers a menu of targeted variant testing options to meet the needs of families and healthcare providers. Its subsidiary, Fabric Genomics, Inc., specializes in artificial intelligence-powered genomic interpretation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GeneDx Faces Class Action Lawsuit Risks
- Class Action Initiation: Robbins Geller law firm announced that purchasers of GeneDx Holdings Corp. common stock between April 16, 2025, and May 4, 2026, must seek lead plaintiff status by August 3, 2026, indicating significant investor concerns regarding the company's financial health.
- Deteriorating Financial Performance: GeneDx's Q1 2026 report revealed a drop in adjusted gross margin from 74% to 69% and a reduction in projected earnings from $540-$555 million to $475-$490 million, directly reflecting a $31.3 million impairment loss from the acquisition of Fabric Genomics, highlighting substantial financial pressures on the company.
- Stock Price Plunge Impact: Following the May 4, 2026, earnings announcement, GeneDx's stock price plummeted over 49%, which not only undermines investor confidence but may also lead to increased shareholder participation in the lawsuit, exacerbating the company's legal risks.
- Legal Liability Risks: The class action lawsuit alleges violations of the Securities Exchange Act of 1934 by GeneDx and its executives, and if successful, could result in significant financial penalties for the company, impacting its future operations and market reputation while increasing governance and compliance pressures.
See More
GeneDx Faces Class Action Over Misleading Acquisition Claims
- Securities Litigation Investigation: Hagens Berman is investigating a securities class action lawsuit against GeneDx Holdings, alleging that executives misled investors regarding the Fabric Genomics acquisition, which led to a 49% stock collapse on May 5, 2026.
- Severe Financial Losses: GeneDx reported a tenfold increase in net loss for Q1 2026 compared to the prior year, primarily due to a $2.5 million revenue miss from the Fabric Genomics business, resulting in a $31.2 million impairment charge, approximately 94% of the cash paid for the acquisition.
- Revenue Guidance Cut: Due to a significant adverse change in product mix, GeneDx slashed its 2026 revenue guidance by 12%, stating that revenue growth for genome and exome would be at least 20%, substantially lower than previous forecasts.
- Leadership Change: Following the stock price crash, GeneDx appointed Mark Gardner as the new president, and Hagens Berman is investigating whether this leadership change is related to the alleged failures that preceded the May collapse.
See More
Reminder for GeneDx Shareholder Class Action
- Class Action Notification: Rosen Law Firm reminds investors who purchased GeneDx stock between April 16, 2025, and May 4, 2026, to apply as lead plaintiffs by August 3, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that GeneDx made false statements regarding the acquisition of Fabric, misleading investors into believing it would enhance financial performance, while significant issues with Fabric actually harmed GeneDx's overall business operations.
- Law Firm Credentials: Rosen Law Firm is renowned for its success in securities class actions, having secured the largest settlement against a Chinese company and recovering billions for investors, underscoring its expertise and influence in such cases.
See More
Securities Fraud Class Action Filed Against GeneDx Holdings Corp.
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against GeneDx Holdings Corp. on behalf of investors who purchased WGS stock between April 16, 2025, and May 4, 2026, highlighting serious concerns over the company's financial transparency.
- Acquisition Agreement Issues: GeneDx announced an agreement to acquire Fabric Genomics for up to $51 million on April 16, 2025, but soon faced significant operational problems post-acquisition, leading investors to question its future profitability and impacting stock prices negatively.
- Financial Loss Disclosure: On May 4, 2026, GeneDx revealed its first-quarter results, showing a drop in adjusted gross margin and lowered earnings projections, along with a $31.3 million impairment loss related to Fabric, causing the stock price to plummet by over 49%.
- Investor Action Recommendations: Affected investors are advised to apply for lead plaintiff status by August 3, 2026, to represent all victims in the class action lawsuit, ensuring their rights to potential recoveries are protected.
See More
GeneDx Holdings Shareholder Class Action Filed Over Misleading Statements
- Class Action Initiated: Bernstein Liebhard LLP announces a securities class action lawsuit on behalf of investors who purchased GeneDx Holdings Corp. (NASDAQ: WGS) stock between April 16, 2025, and May 4, 2026, alleging the company made materially false and misleading statements during this period.
- Investor Losses: The lawsuit claims that due to significant misrepresentations regarding the company's business operations, growth prospects, and financial stability, WGS stock traded at artificially inflated prices, resulting in substantial losses for investors when the truth was revealed.
- Participation Requirements: Investors are encouraged to act promptly and submit a form to participate in the lawsuit; those wishing to serve as lead plaintiffs must file papers by August 3, 2026, while those who choose not to participate will remain absent class members.
- Fee Structure: Bernstein Liebhard LLP states that all representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, thereby lowering the barrier for investor participation in the litigation.
See More
GeneDx Holdings Corp. Class Action Lawsuit Notification
- Class Action Initiation: GeneDx Holdings Corp. is facing a class action lawsuit due to false statements made between April 16, 2025, and May 4, 2026, with investors having until August 3, 2026, to apply as lead plaintiffs, indicating significant legal risks that could impact stock price and market confidence.
- Financial Loss Disclosure: The Q1 2026 financial report revealed a drop in adjusted gross margin from 74% to 69% and a reduction in projected earnings from $540-$555 million to $475-$490 million, leading to a stock price drop of over 49% post-announcement, reflecting deteriorating financial health.
- Acquisition Issues Exposed: The lawsuit alleges that GeneDx failed to disclose significant problems with Fabric Genomics that could negatively affect overall business operations, indicating risks associated with inadequate due diligence during acquisitions that may erode investor confidence.
- Legal Representation Eligibility: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased GeneDx stock during the class period can seek appointment as lead plaintiff, highlighting the importance of investor participation in legal proceedings and its potential impact on the company's future recovery.
See More
GeneDx Faces Class Action Lawsuit Risks
- Class Action Initiation: Robbins Geller law firm announced that purchasers of GeneDx Holdings Corp. common stock between April 16, 2025, and May 4, 2026, must seek lead plaintiff status by August 3, 2026, indicating significant investor concerns regarding the company's financial health.
- Deteriorating Financial Performance: GeneDx's Q1 2026 report revealed a drop in adjusted gross margin from 74% to 69% and a reduction in projected earnings from $540-$555 million to $475-$490 million, directly reflecting a $31.3 million impairment loss from the acquisition of Fabric Genomics, highlighting substantial financial pressures on the company.
- Stock Price Plunge Impact: Following the May 4, 2026, earnings announcement, GeneDx's stock price plummeted over 49%, which not only undermines investor confidence but may also lead to increased shareholder participation in the lawsuit, exacerbating the company's legal risks.
- Legal Liability Risks: The class action lawsuit alleges violations of the Securities Exchange Act of 1934 by GeneDx and its executives, and if successful, could result in significant financial penalties for the company, impacting its future operations and market reputation while increasing governance and compliance pressures.
See More
GeneDx Faces Class Action Over Misleading Acquisition Claims
- Securities Litigation Investigation: Hagens Berman is investigating a securities class action lawsuit against GeneDx Holdings, alleging that executives misled investors regarding the Fabric Genomics acquisition, which led to a 49% stock collapse on May 5, 2026.
- Severe Financial Losses: GeneDx reported a tenfold increase in net loss for Q1 2026 compared to the prior year, primarily due to a $2.5 million revenue miss from the Fabric Genomics business, resulting in a $31.2 million impairment charge, approximately 94% of the cash paid for the acquisition.
- Revenue Guidance Cut: Due to a significant adverse change in product mix, GeneDx slashed its 2026 revenue guidance by 12%, stating that revenue growth for genome and exome would be at least 20%, substantially lower than previous forecasts.
- Leadership Change: Following the stock price crash, GeneDx appointed Mark Gardner as the new president, and Hagens Berman is investigating whether this leadership change is related to the alleged failures that preceded the May collapse.
See More
Reminder for GeneDx Shareholder Class Action
- Class Action Notification: Rosen Law Firm reminds investors who purchased GeneDx stock between April 16, 2025, and May 4, 2026, to apply as lead plaintiffs by August 3, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that GeneDx made false statements regarding the acquisition of Fabric, misleading investors into believing it would enhance financial performance, while significant issues with Fabric actually harmed GeneDx's overall business operations.
- Law Firm Credentials: Rosen Law Firm is renowned for its success in securities class actions, having secured the largest settlement against a Chinese company and recovering billions for investors, underscoring its expertise and influence in such cases.
See More
Securities Fraud Class Action Filed Against GeneDx Holdings Corp.
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against GeneDx Holdings Corp. on behalf of investors who purchased WGS stock between April 16, 2025, and May 4, 2026, highlighting serious concerns over the company's financial transparency.
- Acquisition Agreement Issues: GeneDx announced an agreement to acquire Fabric Genomics for up to $51 million on April 16, 2025, but soon faced significant operational problems post-acquisition, leading investors to question its future profitability and impacting stock prices negatively.
- Financial Loss Disclosure: On May 4, 2026, GeneDx revealed its first-quarter results, showing a drop in adjusted gross margin and lowered earnings projections, along with a $31.3 million impairment loss related to Fabric, causing the stock price to plummet by over 49%.
- Investor Action Recommendations: Affected investors are advised to apply for lead plaintiff status by August 3, 2026, to represent all victims in the class action lawsuit, ensuring their rights to potential recoveries are protected.
See More
GeneDx Holdings Shareholder Class Action Filed Over Misleading Statements
- Class Action Initiated: Bernstein Liebhard LLP announces a securities class action lawsuit on behalf of investors who purchased GeneDx Holdings Corp. (NASDAQ: WGS) stock between April 16, 2025, and May 4, 2026, alleging the company made materially false and misleading statements during this period.
- Investor Losses: The lawsuit claims that due to significant misrepresentations regarding the company's business operations, growth prospects, and financial stability, WGS stock traded at artificially inflated prices, resulting in substantial losses for investors when the truth was revealed.
- Participation Requirements: Investors are encouraged to act promptly and submit a form to participate in the lawsuit; those wishing to serve as lead plaintiffs must file papers by August 3, 2026, while those who choose not to participate will remain absent class members.
- Fee Structure: Bernstein Liebhard LLP states that all representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, thereby lowering the barrier for investor participation in the litigation.
See More
GeneDx Holdings Corp. Class Action Lawsuit Notification
- Class Action Initiation: GeneDx Holdings Corp. is facing a class action lawsuit due to false statements made between April 16, 2025, and May 4, 2026, with investors having until August 3, 2026, to apply as lead plaintiffs, indicating significant legal risks that could impact stock price and market confidence.
- Financial Loss Disclosure: The Q1 2026 financial report revealed a drop in adjusted gross margin from 74% to 69% and a reduction in projected earnings from $540-$555 million to $475-$490 million, leading to a stock price drop of over 49% post-announcement, reflecting deteriorating financial health.
- Acquisition Issues Exposed: The lawsuit alleges that GeneDx failed to disclose significant problems with Fabric Genomics that could negatively affect overall business operations, indicating risks associated with inadequate due diligence during acquisitions that may erode investor confidence.
- Legal Representation Eligibility: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased GeneDx stock during the class period can seek appointment as lead plaintiff, highlighting the importance of investor participation in legal proceedings and its potential impact on the company's future recovery.
See More
