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Why Velo3D Stock Is Plummeting Today

TheMotleyFool

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Velo3D (NASDAQ: VELO) stock is getting hit hard in Wednesday's trading despite a bullish backdrop for the broader market. The company's share price was down 21.6% as of 2:40 p.m. ET. At the same point in the daily session, the S 500 and Nasdaq Composite were up 0.7% and 0.9%, respectively.

Velo3D published its fourth-quarter results after the market closed yesterday, and investors aren't happy with the performance in the period and management's guidance for the current year. Despite the big pullback today, the company's share price is still up roughly 330% over the last year.

Image source: Getty Images.

Source Fool.com

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