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Why Infinera Stock Fell 33.4% Yesterday

Adam Rogers
Why Infinera Stock Fell 33.4% Yesterday

On November 7, the Technology Select Sector SPDR (XLK) was up 3%. Tableau (DATA), ServiceNow (NOW), Splunk (SPLK), and Square (SQ) rose 15.4%, 7.6%, 7.2%, and 7%, respectively. However, several tech stocks were negatively impacted due to poor earnings or forecasts. In this series, we’ll look at four stocks that fell over 10% yesterday. Infinera stock (INFN) fell 33.4% on November 7 to close at $4.15. The stock is currently trading 67% below its 52-week high of $12.39.