Why UiPath Stock Popped and Then Dropped Today
UiPath(PATH) The Motley Fool·2024-09-07 01:01
Investors initially liked the second-quarter results, but the stock couldn't escape a broader challenge. Shares of UiPath (PATH -5.77%) initially soared today after it reported better-than-expected results in its fiscal second-quarter earnings report last night. However, that rally quickly gave way to a sell-off once the stock market opened this morning. Investors seemed to reexamine the news in the context of a disappointing employment report that showed the economy weakening faster than expected. That led ...