02.05.2025 03:53:42

Why Confluent Stock Was Tumbling This Week

One of the more beaten-down tech stocks over the past month or so has been data streaming specialist Confluent (NASDAQ: CFLT).That trend continued in the past few days, as according to data compiled by S&P Global Market Intelligence, its share price had shed more than 19% week to date as of late Thursday evening. A pile of analyst price target cuts following an earnings report did the stock no favors.Often, even when a shunned stock has decent news to report it can be vulnerable to a sell-off. That's what happened Thursday when the market reacted to Confluent's first-quarter earnings report. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Confluent Inc Registered Shs -A- 19,31 -1,11% Confluent Inc Registered Shs -A-
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