Why Viasat Stock Crumbled by 16% This Week
Investors aggressively intensified the force of the market's gravity on satellite company Viasat (NASDAQ: VSAT) over the past few trading sessions. In the wake of a disappointing quarterly earnings report and a subsequent analyst price target cut, the company's shares sank. According to data compiled by S&P Global Market Intelligence, they ended the week down 16%.
The bears came for Viasat on Wednesday, just after the company unveiled its fiscal 2025 fourth-quarter results.
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Source Fool.com
