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Why Yext Stock Was Slammed on Thursday

TheMotleyFool

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Why Yext Stock Was Slammed on ThursdayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Yext (NYSE: YEXT), a provider of cloud-based software that helps improve search data, saw its shares tumble on Thursday. The stock fell as much as 21.5%. However, shares finished the trading day down 12%.

The stock's decline was likely driven both by a bearish day in the overall market and the tech company's fiscal fourth-quarter earnings report.

Image source: Getty Images.

Source Fool.com

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