Why Hims & Hers Stock Was Down This Week
The stock market certainly had its outperformers as the latest trading week came to a close, but it didn't seem Hims & Hers Health (NYSE: HIMS) would be one of them. As of the pre-market hours on Friday, the specialty healthcare company's shares were trading down by almost 12%, according to data compiled by S&P Global Market Intelligence. That fall can be traced to a new take on the company from a pundit following its trajectory.
Hims & Hers is obeying the law of stock market gravity, which mandates that any company soaring in price must eventually drop, by some level, at some point.
The telehealth specialist was a hot item on the exchange earlier this year, when it released the first set of quarterly results in its history to feature a bottom-line profit. Better, the company beat analyst estimates for both revenue and net income in that (fourth) quarter, and exceeded the average projection for revenue in its full-year guidance.
Source Fool.com
