Why Unity Stock Is Plummeting Today
Unity (NYSE: U) stock has been highly volatile in Wednesday's trading, but it's now deeply in the red in the daily session. The company's share price was down 11% at 12:30 p.m. ET, but it had been up as much as 14.6% earlier in the day's trading.
Unity published its second-quarter results before the market opened this morning, and its stock actually rocketed higher in early trading today. Unfortunately, investors seem to be reassessing some aspects of the company's business update and selling out of the stock in response to concerns about its turnaround progress.
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Source Fool.com
