Why STAAR Surgical Stock Is Dropping Today
Shares of implantable lenses manufacturer STAAR Surgical Company (NASDAQ: STAA) are falling sharply on Tuesday and were down by 4.9% as of 2:08 p.m. EST, after dropping by as much as 12.3% earlier in the day. The company did not report any news, but the most likely reason it is losing altitude is that the broader market is having a difficult day of its own.
The Nasdaq Composite opened sharply lower on Tuesday, a decline fueled by some of the largest technology companies in the U.S. The Dow Jones and the S&P 500 are also down as of this writing. This market rout seems to have dragged down other companies such as STAAR Surgical. Note that the healthcare company is gearing up to report its fourth-quarter and full-year 2020 financial results after the market close on Wednesday.
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Source Fool.com
