“A few percent” is as biased a description for -5% as “plunged”. I mean you can all it both but really both is making it sound smaller or bigger than it is.
5% is barely more than a normal daily 2-3% swing on any stock that nobody would really even write an article about. Thursday it dropped 9%, a lot more significant than this 5% drop in the middle of an already negative trend for this month.
It is double that. Anyhow 9% is a pretty substantial short term loss. Markets are nervous but still don’t want to call the bubble for real it seems. Let’s see if they find another excuse in short succession to correct the stock.
“A few percent” is as biased a description for -5% as “plunged”. I mean you can all it both but really both is making it sound smaller or bigger than it is.
5% is barely more than a normal daily 2-3% swing on any stock that nobody would really even write an article about. Thursday it dropped 9%, a lot more significant than this 5% drop in the middle of an already negative trend for this month.
Those are really big drops for stocks. Like the general goal for a year is beating the ~10% growth that the S&P average per year.
Swinging 2-3% is very volatile.
It is double that. Anyhow 9% is a pretty substantial short term loss. Markets are nervous but still don’t want to call the bubble for real it seems. Let’s see if they find another excuse in short succession to correct the stock.