Nerdy shares are trading lower after the company issued weak guidance. Multiple analysts downgraded the stock following the report.
Portfolio Pulse from Benzinga Newsdesk
Nerdy shares are trading lower after the company issued weak guidance. Multiple analysts downgraded the stock following the report.
August 09, 2024 | 1:09 pm
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NEGATIVE IMPACT
Nerdy shares are trading lower due to weak guidance and multiple analyst downgrades.
The weak guidance indicates potential future underperformance, and the analyst downgrades reflect a lack of confidence in the company's near-term prospects. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100