August Is Set to Punish These 2 Nasdaq Tech Stocks
Wall Street has been on a bull run lately, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has led the charge. However, at least on the first day of August, it appears that the upward momentum in the Nasdaq might ease up a bit, as the index opened about half a percent lower on Tuesday morning.
Poor financial results from a pair of Nasdaq tech stocks weighed on the overall market. Neither ZoomInfo Technologies (NASDAQ: ZI) nor Zebra Technologies (NASDAQ: ZBRA) is necessarily a household name among rank-and-file investors, but they served as good examples Tuesday morning of what can happen when high-growth companies fail to meet the high expectations of their shareholders. Here are all the details you'll need.
Shares of ZoomInfo Technologies opened lower by about 25% early Tuesday. The customer acquisition software specialist reported second-quarter financial results that showed solid growth, but warned that future performance might slow in the months to come.
Source Fool.com
