DocuSign Crashes, Marvell Soars: When Will Nasdaq Volatility End?
At first glance, the stock market might have seemed ready for a bit of a break on Friday morning. Futures markets pointed to a relatively flat open after four days of huge swings. Futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up just 6 points to 15,995 in a sign of the relative calm on Wall Street on the last day of what's been a crazy week.
However, hiding in plain sight under the index's mild move were two stocks seeing violent swings. DocuSign (NASDAQ: DOCU) investors were awash in share-price losses following the electronic document management specialist's latest financial report, while shareholders in Marvell Technology (NASDAQ: MRVL) were having big celebrations. Below, we'll look at both reports to see whether they have any clues about when the Nasdaq's market volatility might come to an end.
Shares of DocuSign were plunging Friday morning, down more than 31% in premarket trading just after 8 a.m. ET. The company that has become the go-to provider for electronic signature services signaled that the factors that produced its immense growth might be ending, and that shocked investors who had thought that the good times could last longer.
Source Fool.com