Why Goosehead Insurance Stock Dropped 21.4% This Week
Goosehead Insurance (NASDAQ: GSHD) had a volatile week, with the stock price falling 21.4% from last Friday's close through the closing bell on Thursday.
The stock had dropped from $54.15 to $37.51 on Wednesday afternoon, which was near a 52-week low of $37.35. But it rebounded on Thursday to end the day at $42.58. Year to date, the stock is down about 68%.
It was not a great week overall, as the S&P 500 fell 4.1% through Thursday -- although Goosehead certainly underperformed. Here's why.
Source Fool.com
