VTEX Stock Declines 7% in a Month: Should Investors Buy the Dip?
VTEXVTEX(VTEX) ZACKS·2024-09-21 01:41

VTEX (VTEX) shares have declined 6.9% in the past month, outperforming the Zacks Computer & Technology sector and the Zacks Internet Software industry. While the sector has dropped 2.5%, the industry has returned 1.5% over the same time frame. The dip can be attributed to a challenging macroeconomic environment that negatively impacted top-line growth. In the first half of 2024, Gross Merchandise Volume (GMV) grew 19.8% on a year-over-year adjusted for forex, slower than the 20.9% reported in the same year- ...