Why STMicroelectronics Stock Plummeted Today
(NYSE: STM) stock suffered a big sell-off in Thursday's trading. The company's share price closed out the day's session down 13.1%, despite the S 500 (SNPINDEX: ^GSPC) climbing 0.6% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rising 0.9%.
Semiconductor stocks generally saw strong momentum in today's trading, but STMicroelectronics wasn't able to participate in the gains. Despite better-than-expected third-quarter results, the company's stock saw a big valuation pullback.
Image source: Getty Images.
Source Fool.com
STMicroelectronics N.V. ADR Stock
€22.20
0.890%
We see a rather positive sentiment for STMicroelectronics N.V. ADR with 6 Buy predictions and 1 Sell predictions.
With a target price of 34 € there is a hugely positive potential of 53.15% for STMicroelectronics N.V. ADR compared to the current price of 22.2 €.
