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Why Sierra Wireless Stock Fell Today

TheMotleyFool

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Shares of Sierra Wireless Inc. (NASDAQ: SWIR) plummeted today as investors digested the news of rising coronavirus cases across five states.

As of 3:21 p.m. EDT, Sierra's stock was down 14.3%.

Investors had been generally optimistic over the past couple of months as the U.S. government put economic plans in place to help workers and businesses affected by mass closings across the country. But some of that optimism was dashed today as Nevada, Oregon, South Carolina, Arkansas, and Florida reported spikes in COVID-19 cases.

Source Fool.com

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