Why Rogers Stock Is Plummeting Today
Leading up to the company's second-quarter 2021 earnings presentation, shares of Rogers (NYSE: ROG), a global leader in specialty materials and components, were doing just fine, climbing about 5%. The climb, however, came to a screeching halt today, giving back the stock's gain during the week -- and then some. As of 10:32 a.m. EDT, shares of Rogers, which have fallen as much as 13.5%, are down 9.1%.
Besides the weak Q2 2021 earnings repot, investors are selling shares in response to the company's Q3 guidance and an analyst's downwardly revised price target on the stock.
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Source Fool.com
