Why BigCommerce Holdings Plunged 29.3% in September
Shares of BigCommerce Holdings (NASDAQ: BIGC) fell 29.3% during the month of September, according to data from S&P Global Market Intelligence. The e-commerce software platform had a number of factors going against it during the month. Most notably, BigCommerce went public on Aug. 5 and immediately tripled on its first day of trading, only to then continue rising and finishing the month at nearly five times its IPO price.
That's a tough act to follow, and the company's September earnings release couldn't quite match up to the enthusiasm.
Image source: Getty Images.
Source Fool.com
