India, Nov. 5 -- Veracyte, Inc. (VCYT) is down 55.45 percent, losing $29.12 to $23.40 on Thursday. The sharp decline comes despite the company's improved third-quarter financial performance. Net income rose to $31.5 million, or $0.38 per share, from $19.1 million, or $0.24 per share, a year earlier. Total revenue increased 15.1 percent to $151.75 million from $131.87 million, supported by higher testing and product revenue.
The stock is currently trading at $23.40, compared with the previous close of $52.52 on the Nasdaq. It opened at $29.27 and recorded a day's range of $22.00 to $29.79. Trading volume stands at approximately 6.12 million shares, significantly above the average volume of 1.30 million shares.
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