Why NetApp Stock Fell Sharply on Thursday
Shares of NetApp (NASDAQ: NTAP), a provider of cloud data-management solutions, were hit hard on Thursday. Shares finished the trading day down about 14.5%.
The tech stock's decline followed NetApp's fiscal third-quarter results, which were released after market close Wednesday. Despite the timing of this sell-off in relation to the earnings report, pressure on the stock price may be more related to a sell-off in the overall market on Thursday than the numbers NetApp reported.
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Source Fool.com
