Why Poet Technologies Stock Plummeted Today
Poet Technologies (NASDAQ: POET) stock is pulling back again in Tuesday's trading. The company's share price fell 8% in the session and had been down as much as 16.8%. At the same point in the daily session, the S 500 was down 0.7%, and the Nasdaq Composite was down 0.9%.
Tech stocks are broadly pulling back today, and the semiconductor industry is seeing particularly pronounced sell-offs. In addition to industry valuation pressures, some investors are also likely taking profits on the heels of the company's big gains this year.
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Source Fool.com
