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Why King Digital (NYSE: KING) Stock Fell 27% This Week
After opening at $18.94 a share on Monday, King Digital (NYSE: KING) stock has since dived 27.84% to trade at $13.93 a share on Thursday. The bloodletting really began after hours Tuesday when the Dublin, Ireland-based social game company released second-quarter earnings that sparked a more than 20% plunge.
Three bad signals in earnings fueled the sell-off, and all three are tightly interrelated...
After opening at $18.94 a share on Monday, King Digital (NYSE: KING) stock has since dived 27.84% to trade at $13.93 a share on Thursday. The bloodletting really began after hours Tuesday when the Dublin, Ireland-based social game company released second-quarter earnings that sparked a more than 20% plunge.
Three bad signals in earnings fueled the sell-off, and all three are tightly interrelated...