Why Bandwidth Stock Sold Off Today
Shares of Bandwidth (NASDAQ: BAND) sold off on Wednesday, down 11% for the session. CEO and company co-founder David Morken gave a fireside chat today, and its chief information officer sold some stock. However, it seems that today was just a down day on the market, leading to a big part of Bandwidth's fall.
This morning at the Morgan Stanley Technology, Media, and Telecom Conference, Morken gave nearly a half-hour talk. He shared some of the reasons his company has a bright future, but there weren't any new revelations. The presentation was fairly general and probably didn't contribute to the stock's decline.
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Source Fool.com
