Why NiCE Stock Crumbled Today
Stock market investors weren't kind to NiCE (NASDAQ: NICE) on Tuesday. Following several analyst price target cuts on the software-as-a-service (SaaS) company's American Depositary Receipts (ADRs), the value of its equity declined by nearly 13% during that trading session. That was a notably steeper decline than the 0.8% fall of the S 500 index.
Those bearish moves came on the heels of NiCE's latest Capital Markets Day, held on Monday. By my count, six prognosticators tracking the company reduced their fair value assessments.
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Source Fool.com
