Why Illumina Stock Is Sinking Today

Why Illumina Stock Is Sinking Today

What happened Shares of Illumina (NASDAQ: ILMN) are sinking today, down 6.7% as of 11:48 a.m. EDT, after the genomic-sequencing specialist announced that it plans to acquire GRAIL for $8 billion. So what Illumina actually founded GRAIL in 2016 but later spun out the company as a stand-alone entity.