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Why IronNet Stock Plunged Today

TheMotleyFool

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Why IronNet Stock Plunged TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Ironnet (NYSE: IRNT) were tumbling one day after they spiked on a deal with Microsoft (NASDAQ: MSFT). Investors seem to have concluded that the cybersecurity stock ran a bit too hot Wednesday, when it surged by 59%.

As of 1:50 p.m. EDT Thursday, the stock was down by 26.8%.

Image source: Getty Images.

Source Fool.com

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