Here's How Teradata Stock Fell 19% Last Month
Shares of data analytics and database software maker Teradata (NYSE: TDC) fell 19.1% in October 2020, according to data from S&P Global Market Intelligence. When investors took notice of rising coronavirus infection numbers and shifted out of high-flying tech stocks last month, Teradata was pulled down by the broader market trend -- even though the stock really wasn't soaring in the first place.
Teradata simply amplified several rounds of general market panic last month as investors shifted out of risky stocks. For example, the S&P 500 index fell 2.4% on Oct. 26 but Teradata took a 4.7% dive on the same day, despite a complete lack of company-specific news. By the end of the month, Teradata's shares traded 31% lower year to date.
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Source Fool.com
