ZS - These 2 Stocks Are Falling in a Fading Rally
2023-11-28 08:51:39 ET
After a terrible period for the market in the late summer and early fall, November was exactly what the doctor ordered for investors. Yet after a big bull rally during the first few weeks of the month, Wall Street looks as though it's ready to take a holiday nap. After making modest moves on Monday, stock index futures Tuesday morning were poised to ease lower very slightly.
The big gains earlier in the month also likely explained some of the price action within the market. Zscaler (NASDAQ: ZS) shares moved lower even after what appeared to be an extremely strong quarterly financial report from the cybersecurity provider. Yet Argenx (NASDAQ: ARGX) had to deal with some unquestionably bad news that sent its stock downward sharply. Here's the latest on both Zscaler and Argenx for you to consider.
Shares of Zscaler dropped almost 5% in premarket trading on Tuesday morning. The cybersecurity software platform provider released its fiscal first-quarter financial results for the period ended Oct. 31, and despite the company topping expectations and boosting guidance, shareholders still seemed nervous about the likely path forward.
For further details see:
These 2 Stocks Are Falling in a Fading Rally