Here's Why Slack Stock Is Falling on Wednesday
The stock market overall was hovering near the flatline on Wednesday morning, with the S&P 500 and Nasdaq indices both down by less than 0.2% as of 11:30am EDT. However, workplace collaboration technology provider Slack Technologies (NYSE: WORK) was sharply lower, down by about 6%.
There isn't any business-related news pushing Slack lower today. Instead, the reason for the move can be attributed to an analyst downgrade.
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Source Fool.com
