Until yesterday, Symantec was a well-behaved, picture-perfect bullish stock. Just one bad “forward guidance” is all it takes to wipe out 35% of its market cap within milliseconds.
Until yesterday, Symantec was a well-behaved, picture-perfect bullish stock. Just one bad “forward guidance” is all it takes to wipe out 35% of its market cap within milliseconds, which just goes to show how priced-for-perfection equities are these days.
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Here is a longer view, showing how severe the break is.
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This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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