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Why AcuityAds Stock Tumbled 45% in November

TheMotleyFool

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Why AcuityAds Stock Tumbled 45% in November

Shares of AcuityAds (NASDAQ: ATY) took a dive last month, after the Canadian ad tech company posted disappointing results in its third-quarter earnings report. During a time when many of its peers were strong growth in a favorable digital ad market, AcuityAds missed the mark and the stock finished November down 45%, according to data from S&P Global Market Intelligence.

The stock fell sharply in the beginning of the month, after the earnings report came out.