Here's the Real Reason Zuora Stock Was Down 10% in February
In the fastest 10% drop in history, major indices including the S&P 500 sold off during the last week of February as fears of a global economic downturn mount. When the dust had settled, shares of subscription-service enabler Zuora (NYSE: ZUO) were down 10.2%, according to data provided by S&P Global Market Intelligence.
Zuora didn't report earnings in February, nor was it blasted by some famous short-seller. The only newsworthy event for the company in February came when CEO Tien Tzuo presented at the JMP Securities Technology Conference. But what he said there hardly justifies the stock's sharp decline.
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Source Fool.com
