Why Matterport Stock Dove 36% in December
Matterport (NASDAQ: MTTR) shareholders lost ground to the market last month as the stock fell 36%, compared to a 4% spike in the S&P 500, according to data provided by S&P Global Market Intelligence. That slump wasn't enough to derail wider returns for investors in the metaverse specialist, though. The stock still trounced the market since going public in mid-2021.
December's stock-price decline was powered by shifting investor sentiment around the short-term prospects for Matterport, which may still be several years away from producing earnings in keeping with its large market capitalization.
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Source Fool.com
