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Why Sabre Stock Tumbled Today

TheMotleyFool

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Shares of Sabre (NASDAQ: SABR) fell by as much as 10% today as investors continued a broader stock sell-off that began earlier this month. The S&P 500 fell 2.3% in afternoon trading and Sabre's stock is down 8.4% as of 2:21 p.m. EDT.

Market pessimism has taken hold in September: Month to date, the S&P 500 is down by 7.9%, and after rising for the first week, Sabre's stock has declined along with it. At this point, the travel industry tech company is down by 3.9% for the month.

Image source: Getty Images.

Source Fool.com

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