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Why Coursera Stock Plummeted Today

TheMotleyFool

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Coursera (NYSE: COUR) stock saw big sell-offs in Friday's trading despite a bullish backdrop for the broader market. The education-services company's share price fell 12.9% in a daily session that saw the S 500 (SNPINDEX: ^GSPC) rise 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jump 1.1%.

Coursera published its third-quarter results after the market closed yesterday, and actually posted better-than-expected sales and earnings for the period. The company also raised its full-year sales guidance, but that wasn't enough to stop a significant valuation contraction for the company.

Image source: Getty Images.

Source Fool.com

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