Why HealthEquity Stock Is Plunging Today
Shares of HealthEquity (NASDAQ: HQY), a leading administrator of health savings accounts, fell as much as 17% in early morning trading on Tuesday in response to fourth-quarter results that featured a cut to its full-year fiscal 2021 guidance. As of 11:30 a.m. EDT, shares were down about 5%.
Investors were given a sneak peek of HealthEquity's fiscal fourth-quarter 2020 results a few weeks ago, so they knew what was coming.
Here's how the actual numbers shook out:
Source Fool.com
