Why Braze Stock Is Sinking Today
Braze (NASDAQ: BRZE) stock is losing ground in Thursday's trading following the company's recent quarterly report. The marketing software specialist's share price was down 4.2% as of 3:45 p.m. ET despite the S 500 being up 0.6% at the same point in the daily session and the Nasdaq Composite being up 0.9%. On the other hand, the stock had been off as much as 9.4% earlier in the session.
Braze published its first-quarter results after the market closed yesterday and actually posted sales that beat Wall Street's forecast. The company also raised its full-year sales outlook, but that hasn't been enough to prevent a pullback for the stock.
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Source Fool.com
