Why Fiverr International's Shares Plunged 15.5% and Then Bounced Back
Shares of freelance services company Fiverr International (NYSE: FVRR) plunged as much as 15.5% in early trading today as tech stocks sold off hard. Shares are down just 0.4% at 3:30 p.m. EST so while shares dropped early the stock has recovered almost all of the early losses.
As tech stocks fell early in the day, high-growth stocks like Fiverr were hit harder than most because they've been such great performers. In the last 12 months, Fiverr shares are up 727% and that's even after today's drop. So, a pullback isn't the end of the world for long-term investors.
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Source Fool.com
