Why Unity Software Stock Is Falling This Week
Unity Software's (NYSE: U) stock price has bounced around over the last few months. Shares initially took off toward the $200 level after a better-than-expected earnings report in November, when the company announced the acquisition of Weta Digital for $1.6 billion.
But rising interest rates are causing investors to flee growth stocks in favor of value. The share price was down 15.1% in the week to date as of 1:46 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
