Why Cloudera Stock Fell in September
Shares of Cloudera (NYSE: CLDR) tumbled 17.5% last month, according to data provided by S&P Global Market Intelligence, as many investors sold their tech stocks following months of gains in the sector.
Investors have flocked to tech stocks during the coronavirus pandemic, as lockdowns and social distancing have forced people to spend more time at home. But at the beginning of September, some investors began selling technology stocks to cash in on some of the gains they made over the past few months. Cloudera's steep price drop at the beginning of the month appears to follow that same pattern.
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Source Fool.com
