Why Braiin Stock Plummeted This Week
Braiin stock crashed nearly 40% this week, leaving investors wondering what was at the heart of the huge sell-off.
Overview
Braiin (NASDAQ: BRAI) stock got crushed this week, sinking 39.6% from where it stood at the end of the previous week's market close. The S&P 500 declined 2% over the same stretch, and the Nasdaq Composite was off 4.6%.
Despite the massive size of its valuation pullback this week, there actually doesn't appear to have been any major business-specific news for the company. The stock is now down roughly 61% from market close on the day of its initial public offering (IPO) in February.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.