Sweetgreen Stock Slides Friday: What's Driving the Action?
Sweetgreen shares are trading sharply lower Friday morning after it delivered weaker-than-expected Q2 results and faced an analyst downgrade.
Sweetgreen's stock price went down because the company didn't make as much money as people hoped, and an expert said the stock might not be a good choice right now. When a company disappoints people about its earnings (money made), the stock price often falls because investors get worried about what comes next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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