Why Bill Holdings Stock Fell 27% in February
Shares of Bill Holdings (NYSE: BILL) took a dive last month after the software-as-a-service company posted disappointing guidance in its fiscal second-quarter earnings report early in February. The stock drifted lower over the remainder of the month on concerns about rising interest rates as data showed that inflation remainined elevated.
According to S&P Global Market Intelligence, the stock fell 27% last month.
As the chart below shows, the stock trended lower for nearly the entire month after the earnings report came out.
Source Fool.com