Matterport Stock Jumped 8.5% on Friday, Reversing Its Post-Earnings Release Direction
Matterport (NASDAQ: MTTR) stock gained 8.5% on Friday, which was a reversal of its direction on Thursday, when it dropped 13.8% following the spatial data company's release of its third-quarter results on Wednesday.
Cooler heads prevailed on Friday, as Thursday's sell-off was overdone, in my view. On Thursday, investors appear to have focused on Matterport's overall revenue growth falling short of Wall Street's expectation and management lowering its top-line guidance for the full year.
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Source Fool.com
