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Why is Accolade Inc (ACCD) Stock down?

05 Oct, 2023:

Accolade Inc Stock (ACCD) dropped by 13.13% from $9.75 to $8.47 in the trading on Thursday October 5, 2023. The reason why ACCD stock down is due to the Q2 result. Accolade said it sees FY24 revenue of $410 million to $414 million. It came out with a quarterly loss of $0.43 per share, this compares to loss of $0.66 per share a year ago.

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