Why Playstudios Stock Dropped 24% in August
Playstudios (NASDAQ: MYPS) shareholders lost ground to a rallying market last month. The stock sank 24% in August compared to 3% spike in the S&P 500, according to data provided by S&P Global Market Intelligence.
The decline put the recently public stock down more than 40% since its listing and was driven by its Q2 earnings update.
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Source Fool.com
