Why ProPetro Stock Sank Today
An analyst has a new take on this energy stock, and investors aren't impressed.
Overview
Tumbling 3% lower yesterday from Friday's close, ProPetro Holding (NYSE: PUMP) stock continued slipping further during these waning days of September. With an analyst initiating coverage of the oilfield services provider and failing to take a very bullish stance, investors found sufficient reason to click the sell button.
Shares of ProPetro ended today's trading session 4.5% lower from where they closed yesterday.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.