Why Ontrak Stock Plunged and Then Recovered Today
Shares of Ontrak (NASDAQ: OTRK) tumbled this morning, continuing yesterday's slide after the company said it lost yet another large customer. Today, some analysts downgraded the telehealth stock in response to the news, but it recovered nearly all of those losses by the afternoon as some investors saw the sell-off as a buying opportunity, including an analyst from Benchmark.
As of 1:20 p.m. EDT on Friday, the stock was down 2.9% after trading as much as 18.6% lower earlier in the session. Yesterday, the stock plunged 45%.
Image source: Getty Images.
Source Fool.com
