Why SecureWorks Stock Is Crashing This Week
Shares of SecureWorks (NASDAQ: SCWX) were down 19.2% week to date through Thursday, according to data provided by S&P Global Market Intelligence. The company announced on Oct. 13 it was expanding its Taegis portfolio of cybersecurity services with the introduction of Taegis NGAV and Taegis ManagedXDR Elite.
There wasn't any bad news that would have sent the shares down. However, SecureWorks stock has been very choppy since surging to new highs in the second quarter. Year to date, the share price is up 31.5%.
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Source Fool.com
