Why Five9 Stock Dropped 15% in September
Shares of Five9 (NASDAQ: FIVN) fell 15% in September, according to data from S&P Global Market Intelligence, reflecting broader volatility in cloud-computing stocks, and as multiple analysts weighed in with mixed views of the cloud-based contact center specialist.
On the former, note that most of Five9's drop occurred early last month (starting Monday, Sept. 9) as a handful of other cloud-computing names plunged on high trading volumes despite a lack of company-specific news. My fellow Motley Fool Anders Bylund explored that curious bout of volatility here.
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Source Fool.com
