UiPath shares drop as Cathie Wood backed software developer holds guidance
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UiPath shares declined in premarket trading after the company maintained its guidance despite surpassing expectations in the third quarter.
December 06, 2024 | 11:45 am
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UiPath's stock fell in premarket trading as the company maintained its guidance despite exceeding third-quarter expectations.
The market reacted negatively to UiPath's decision to keep its guidance unchanged, even though it beat expectations in the third quarter. This suggests that investors were hoping for an upward revision in guidance, leading to a short-term decline in the stock price.
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