Here's Why View Stock Plummeted Today

View (NASDAQ: VIEW) stock got crushed today on the heels of news that the company had delayed its second-quarter earnings release. The company's share price fell 24.3% in the session, according to data from S&P Global Market Intelligence.

View announced that an audit committee commissioned by the company's board of directors had opened an investigation into "the adequacy of the company's previously disclosed warranty accrual." The company paired the news that it would be delaying its Q2 report with preliminary results for the period that looked strong on many fronts, but the shadow cast by the internal investigation prompted a steep sell-off for the stock.

Image source: Getty Images.

Continue reading

Source Fool.com