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Why SelectQuote Stock Plunged This Week

TheMotleyFool

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SelectQuote (NYSE: SLQT) shareholders endured sharp losses this week, with the stock falling roughly 40% by early Friday morning, according to data provided by S&P Global Market Intelligence.

The slump was sparked by the insurance company's latest earnings announcement, which revealed new profit pressures and a cautious outlook by the management team for fiscal 2022.

Image source: Getty Images.

Source Fool.com

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