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Why GoodRx Stock Plummeted 20% Today

TheMotleyFool

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Shares of prescription drug digital platform GoodRx Holdings (NASDAQ: GDRX) plunged more than 20% at the market open today, before settling down 14% as of 10:25 a.m. EST. The drop comes after shares also dipped last week when the company reported its first quarterly earnings report as a public company.

But today's drop is more about the future of its business model than on a company-specific metric.

Amazon (NASDAQ: AMZN) said this morning that it is rolling out Amazon Pharmacy, which will allow customers in the United States to order prescription medications for home delivery.

Source Fool.com

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