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Why Nutanix Stock Is Falling Sharply This Week

TheMotleyFool

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Why Nutanix Stock Is Falling Sharply This WeekPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Enterprise cloud computing specialist Nutanix (NASDAQ: NTNX) is seeing its stock fall sharply this week. At its worse point, shares of the tech stock fell about 14% during the week, and are down about 13% near the end of today's trading.

Much of the stock's decline was likely driven by a downgraded rating by an analyst.

Image source: Getty Images.

Source Fool.com

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