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Why HealthEquity Is Sinking Today

TheMotleyFool

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Why HealthEquity Is Sinking TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Despite its posting better-than-expected fiscal 2020 second-quarter results, shares of HealthEquity (NASDAQ: HQY), a leading provider of managed healthcare accounts, dropped as much as 12% in early-morning trading on Wednesday. The stock was down about 9% as of 10:55 a.m. EST.

The headline numbers from the company's fiscal second quarter looked quite good:

Image source: Getty Images.

Source Fool.com

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