Why Vimeo Stock Plunged This Week
Shares of video software specialist Vimeo (NASDAQ: VMEO) fell sharply this week. The stock declined as much as 32.3%, according to S&P Global Market Intelligence. As of the end of the week, shares were down a total of 30.8%.
The growth stock's decline was primarily driven by the third-quarter update and some analysts' follow-up moves to downgrade their ratings for the stock.
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Source Fool.com
