FVRR - Why Fiverr Stock Is Plummeting Today
Fiverr International (NYSE: FVRR) stock is sinking again today. The gig-economy specialist's share price was down roughly 10.3% in the daily session as of 2:15 p.m. ET Wednesday. Meanwhile, the Nasdaq Composite index was down roughly 0.9%.
High-profile tech companies including Shopify (NYSE: SHOP) , Nvidia , and Roblox have recently reported earnings and seen significant sell-offs, and the trend appears to be impacting Fiverr. The gig-labor company is set to publish fourth-quarter earnings results before the market opens on Thursday, and it looks like investors are selling out of the stock after surveying moves for other growth names on the heels of earnings.
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Why Fiverr Stock Is Plummeting Today