Why Schrodinger Stock Dropped 9% Today

New IPO Schrodinger (NASDAQ: SDGR) saw its stock dropped for a 9.3% loss on Monday. There was no news to explain it, and that's OK.

If you haven't heard about it yet, Schrodinger uses physics-based software to help researchers discover high-quality, novel molecules for drug development and materials applications.  

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Source Fool.com