Why Nautilus Stock Dropped 15% in March
Shares of Nautilus (NYSE: NLS) lost 15% in value last month, according to data provided by S&P Global Market Intelligence.Normally, when companies host an investor-day conference to pitch its long-term growth strategy to analysts, that usually reinforces positive sentiment around a stock, but that wasn't the case with Nautilus last month.
The stock price started to fall around the middle of the month and continued to slide following the company's investor-day presentation on March 18. Apparently, management's outlook calling for revenue to roughly double by fiscal 2026 wasn't enough to please investors, especially with concerns about the potential for more people to leave their at-home fitness equipment gathering dust as people return to their pre-pandemic routines.
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Source Fool.com
