Why Skillz Stock Took a Dive Today

Shares of Skillz (NYSE: SKLZ) were falling today after the mobile gaming platform got hit by a short-seller report from Wolfpack Research. Additionally, a broader sell-off in high-priced tech stocks also seemed to contribute to the slide today. Shares closed Monday down 10.9%.

Image source: Skillz.

In its report, Wolfpack Research, a well-known short-seller, said that Skillz's top games are stagnant or declining, and called its revenue projections "farcical."

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Source Fool.com