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Why Amplitude Stock Lost 45% in February

TheMotleyFool

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Why Amplitude Stock Lost 45% in February

Shares of Amplitude (NASDAQ: AMPL), the cloud software company focused on digital optimization, were tumbling last month after the newly public company trimmed its 2022 revenue growth guidance in its fourth-quarter earnings report.

According to data from S&P Global Market Intelligence, the stock finished the month down 45%. As you can see from the chart below, the stock fell off a cliff after its earnings report came out on Feb. 16, and it only modestly recovered those losses over the rest of the month.