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Why Leonardo DRS Stock Was Tumbling on Thursday

TheMotleyFool

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Why Leonardo DRS Stock Was Tumbling on ThursdayPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png

On the second-to-last trading day of the week, investors weren't willing to go on offense with defense stock Leonardo DRS (NASDAQ: DRS). On the back of two bearish post-earnings adjustments by analysts, its shares were sliding by almost 6% in late-session action. That was a notably steeper drop than the S&P 500 index's 0.6% decline at that point.

This came one day after Leonardo DRS released its third-quarter earnings, and that wasn't a coincidence. A pair of pundits tracking the company's fortunes weighed in with price target cuts in their reevaluations of its potential.

Image source: Getty Images.

Source Fool.com

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