Why Streaming Stocks Plunged Today
The streaming business took a big hit on Wednesday with shares in some up-and-coming streaming stocks falling double digits. Large sections of the market are falling, particularly in growth and technology stocks, so a slide in shares should be taken with a bit of a grain of salt, but it's still notable.
A 21.3% drop in ViacomCBS (NASDAQ: VIAC), a 13.2% drop in Discovery's (NASDAQ: DISCA) A Shares, and a 12.9% drop in Discovery's (NASDAQ: DISCK) C Shares show some of the biggest losses today. At 2:40 p.m. EDT, these shares were down 20.8%, 12.1%, and 12.3% respectively.
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Source Fool.com
