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Why Shares of Synchronoss Technologies Tumbled Today

TheMotleyFool

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Why Shares of Synchronoss Technologies Tumbled Today

Shares of Synchronoss Technologies (NASDAQ: SNCR) slumped on Thursday. There was no company-specific news driving the decline. The latest development was on Nov. 20, when Synchronoss received a letter from Nasdaq threatening suspension and delisting unless it requests a hearing, which the company said in a press release that it intended to do.

Synchronoss hasn't reported quarterly results since February of this year. The stock was down about 13% at market close.

Image source: Getty Images.

Source: Fool.com