Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Workiva Stock Plummeted Today

TheMotleyFool 
0 0 22.01.25
Why Workiva Stock Plummeted Today
 

(NYSE: WK) stock saw big sell-offs in Wednesday's trading. The cloud software company's share price ended the daily session down 13.3% despite the S 500 index gaining 0.6% and the Nasdaq Composite index climbing 1.2%.

Workiva fell today following reports that Germany and France are interested in changing the European Union's (EU's) sustainability reporting standards. This category of data tracking and reporting has been a significant part of Workiva's growth outlook, and changes in government policy could impact sales and earnings performance.

The EU's Corporate Sustainability Reporting Directive (CSRD) went into effect in January 2023 and requires companies to submit data and performance tracking across a wide variety of non-financial metrics. Workiva is providing a platform that makes it easy to track this information and submit it in the necessary formats.

Continue reading


Source Fool.com

Workiva Inc. A Stock

€60.00
4.350%
Workiva Inc. A dominated the market today, gaining €2.50 (4.350%).

Show more
Like: 0
WK
Share

Comments

Not a member yet? Sign up for free!