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Why Poet Technologies Is Plummeting Today

TheMotleyFool

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Why Poet Technologies Is Plummeting Today: https://g.foolcdn.com/editorial/images/870807/percentage-interest-rate-dollar-signs-copy.jpg

Poet Technologies (NASDAQ: POET) stock is moving lower in Monday's trading. The company's share price was down 12.6% as of 2:05 p.m. ET. The S 500 was down 0.3% at the same point in the daily session, and the Nasdaq Composite was off 0.7%.

The broader market is seeing bearish momentum in today's session, and many growth-dependent tech stocks are seeing particularly large pullbacks. Poet stock is likely also under pressure due to investors taking profits and news that the company has completed a dilutive new fundraising round.

Image source: Getty Images.

Source Fool.com

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