Why nCino Stock Fell 14% in September
Shares of nCino, Inc. (NASDAQ: NCNO), a financial technology company, tumbled 14.3% in September, according to data provided by S&P Global Market Intelligence, as technology stocks in the broader market took a hit at the beginning of the month.
nCino has only been a publicly traded company since mid-July. Ever since it went public, the company's share price has experienced some wild swings. For example, on the company's first day of trading, nCino's stock spiked more than 150%. nCino's shares climbed higher leading up to September, but tech investors were ready to take the gains that stocks had made in the previous months and sold off some of their shares.
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Source Fool.com
