Why HubSpot Stock Fell 25% in March

Shares of HubSpot (NYSE: HUBS), the cloud-based customer relationship management company, dropped 25.8% in March, according to data provided by S&P Global Market Intelligence. As businesses of all sizes closed due to COVID-19, investors were concerned that HubSpot's software-as-a-service company would be negatively affected as well. 

Many stocks have been pummeled over the past few weeks, leaving the S&P 500 down nearly 13% in March. But HubSpot's shares took an even sharper downward turn, likely because of the company's reliance on small- and medium-sized businesses. 

Image source: Getty Images.

Continue reading

Source Fool.com