Why ASML Holding Fell 15% This Week
Shares of ASML Holding N.V. (NASDAQ: ASML), a semiconductor equipment company, fell this week after an analyst downgraded the company's stock. Additionally, ASML's stock may have dropped earlier this week as some investors sold fast-growing tech stocks in response to rising 10-year Treasury yields.
The tech stock is down by 15.2% for the week, as of this writing.
New Street analyst Pierre Ferragu downgraded ASML's shares from buy to neutral on Tuesday, with a 660 euro price target. That price implied about an 8% downside from the company's share price at the time.
Source Fool.com
