Why CarParts.com Stock Was Slipping Again Today
Shares of CarParts.com (NASDAQ: PRTS) were falling for the second day in a row today after the company reported third-quarter earnings yesterday. Though the results were actually better than expected, the stock still stumbled, which may have owed more to the broader sell-off in e-commerce stocks on news that Pfizer had found its coronavirus vaccine to be more than 90% effective.
As of 11:31 a.m. EST, CarParts.com shares were down 8.2% after falling 30% yesterday.
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Source Fool.com
