Why eToro Group Stock Swooned on Wednesday
Next-generation fintech eToro Group (NASDAQ: ETOR) was looking like quite the tired animal on the stock market Wednesday. For the third trading session in a row its shares closed the day lower in price, sinking by more than 5% as the S&P 500 index ended 0.3% higher. Several analyst price target cuts were a key reason why.
Those moves occurred a day after eToro published its second quarter earnings report. The company didn't perform badly at all during the period, in fact it notched a double beat on both the top and bottom lines. However, it's a fast-growing company in a lucrative field, and it seems investors were hungry for even better numbers.
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Source Fool.com
