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30.10
0.47%
0.14
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30.10
Why is Shutterstock Inc (SSTK) Stock down?
We've noticed a 6.97% decline in Shutterstock Inc (SSTK) stock during the 2024-12-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
01 Nov, 2023:
Shares of Shutterstock, Inc. (SSTK) dropped by 8.26% from $40.68 to $37.32 in the trading on Wednesday, November 1, 2023. The reason why SSTK down is due to an analyst's price-target cut. Needham analyst Bernie McTernan lowered Shutterstock, Inc.'s price target from $76 to $60. Despite the reduction in the price target, McTernan maintained a Buy rating on the stock.The adjustment in the price target by the analyst contributed to the downward pressure on SSTK shares.
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