restructuring
“Impairment of Goodwill, Intangible Assets and Long-lived Assets Goodwill Goodwill recorded in a business combination is not subject to amortization.”
CDNA 10-K
Confirmed
Healthcare Diagnostics & Devices
7 names are moving together; 86% are participating in the current session.
1 observed Confirmed episode
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| CBLL | CeriBell, Inc. | Healthcare | -0.2% | 1/1 observed active sessions |
| MRVI | Maravai LifeSciences Holdings, | Healthcare | +4.2% | 1/1 observed active sessions |
| CDNA | CareDx, Inc. | Healthcare | +1.0% | 1/1 observed active sessions |
| QDEL | QuidelOrtho Corporation | Healthcare | -2.0% | Group member |
| CERS | Cerus Corporation | Healthcare | -1.0% | 1/1 observed active sessions |
| RELY | Remitly Global, Inc. | Technology | -0.6% | Group member |
| TKO | TKO Group Holdings, Inc. | Communication Services | -1.9% | 1/1 observed active sessions |
Why we believe this
Cohort
7 namesParticipation
86% this sessionObserved history
4 daily buildsFiling coverage
7/7 memberscredit / rates affecting interest expense
“Interest Expense Interest expense decreased during the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily due to a decrease in interest rates on our Term Loan.”
CERS 10-Q
restructuring affecting expense
“The decrease was primarily attributable to decreases of $25.7 million in stock-based compensation expense and $2.4 million in legal and consulting expenses, partially offset by increases of $3.7 million in software-related costs, $2.9 million in personnel-related costs, $2.3 million in a one-time impairment charge related to an intangible asset and associated construction in progress, $1.0 million in equipment related expenses and $0.6 million in travel expenses.”
CDNA 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
QGEN
CDNAsupplier · Not moving with the group now
Filing receipt · QGEN / CDNA
“These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables; Roche Mole…”
CDNA · supplier
ILMN
CDNAsupplier · Not moving with the group now
Filing receipt · ILMN / CDNA
“These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables; Roche Mole…”
CDNA · supplier
TMO
CDNAsupplier · Moving with the group now · 115 min observed
Filing receipt · TMO / CDNA
“These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables; Roche Mole…”
CDNA · supplier
BDX
CDNAsupplier · Not moving with the group now
Filing receipt · BDX / CDNA
“These sole source suppliers include Thermo Fisher Scientific, Inc., or Thermo Fisher, which supplies us with instruments, laboratory reagents and consumables; Roche Mole…”
CDNA · supplier
IMXI
RELYcompetitor · Not moving with the group now
Filing receipt · IMXI / RELY
“We compete with larger companies, such as Western Union, MoneyGram, Remitly and Euronet, and a number of other smaller money services business (“MSB”) entities.”
RELY · competitor
History
2026-07-131 observed active session · 100% of active names held across the episode