Why IronNet Stock Plunged Today

Shares of Ironnet (NYSE: IRNT) were tumbling one day after they spiked on a deal with Microsoft (NASDAQ: MSFT). Investors seem to have concluded that the cybersecurity stock ran a bit too hot Wednesday, when it surged by 59%.

As of 1:50 p.m. EDT Thursday, the stock was down by 26.8%.

Image source: Getty Images.

Continue reading

Source Fool.com