SSTI - Why ShotSpotter Stock Crashed This Week
2023-04-07 10:31:21 ET
Shares of ShotSpotter (NASDAQ: SSTI) got crushed amid concerns that the company could lose business in one of its biggest markets. The gunshot detection company's stock fell 34% in the shortened trading week, according to data from S&P Global Market Intelligence .
Brandon Johnson is on track to become Chicago's new mayor after winning a runoff election April 4. Johnson had previously said that intended to end the city's use of ShotSpotter's technologies and services if elected, and investors moved out of the stock due to concerns about what that would mean for ShotSpotter's sales performance.
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Why ShotSpotter Stock Crashed This Week