Why Unity (U) Shares Are Getting Obliterated Today

From “Stockstory.org” does not appear to be associated with a specific media company.:

Shares of Unity (NYSE:U) dropped 5.5% after an analyst downgrade and continued market retreat. Analyst Brent Bracelin of Piper Sandler downgraded the stock from Neutral to Underweight but remained positive about the software sector. The major indices have been retreating, and interest rates rebounded slightly. Unity’s volatility and previous big moves of the stock indicate the market does not consider this news meaningful enough to shift its perception of the business. Unity is currently down 5.5% year-to-date but is trading 20.3% below its 52-week high. Despite the market’s ups and downs, the company remains a significant player in the game engine industry.



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