Why Fastly, Pinterest, and Virgin Galactic Stocks Fell Sharply Today
Shares of Fastly (NYSE: FSLY), Pinterest (NYSE: PINS), and Virgin Galactic Holdings (NYSE: SPCE) all fell sharply on Monday morning. As of 12:07 p.m. EDT, shares of the three companies were down 4.6%, 4.1%, and 5.9%, respectively.
The three stocks are down as the overall market continues last week's sell-off. As of this writing, the S&P 500 was down about 2.2% as many assets viewed as higher-risk, such as cryptocurrency and stocks, are getting hit hard on Monday. The market pullback seems to be driven by a combination of concerns about an indebted major property developer in China and worries about potential signals from the Federal Reserve this week regarding plans to reduce monetary stimulus.
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Source Fool.com
