Why Shares of Progenity Are Down More Than 11% on Wednesday

Why Shares of Progenity Are Down More Than 11% on Wednesday

Progenity (NASDAQ: PROG), a biotech company and a meme stock favorite, saw its shares decline more than 11% on Wednesday. Overall, Progenity stock is down more than 47% this year. The markets don't like uncertainty, and that's one reason Progenity has trended downward.