Why Sight Sciences Stock Traded Lower Today
Portfolio Pulse from Ryan Gustafson
Sight Sciences, Inc. (NASDAQ:SGHT) shares traded lower after the company issued Q3 total revenue guidance below estimates and cut full-year 2023 revenue guidance below estimates. The company also announced the appointment of Matthew Link as its new CEO.
September 11, 2023 | 8:41 pm
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Sight Sciences lowered its revenue guidance for Q3 and full-year 2023, which led to a drop in its share price. The company also appointed a new CEO, Matthew Link.
Sight Sciences lowered its revenue guidance, which is a negative signal to investors as it indicates that the company may not perform as well as previously expected. This led to a drop in the share price. The appointment of a new CEO adds an element of uncertainty, which can also impact the stock price.
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