Unity Software Stock Drops After Games Company Issues Soft Guidance—Monitor This Key Level
UUnity Software(U) Investopedia·2024-02-27 19:55

Key Takeaways Unity Software shares fell sharply in premarket trading Tuesday after the company issued weaker-than- expected current-quarter guidance. The company has recently undergone a portfolio and cost structure reset. Monitor if Unity Software shares find support around $25 near the lower trendline of a multi-year trading range. Unity Software (U) issued current-quarter guidance well below Wall Street’s estimates as the game development company undergoes a portfolio and cost structure reset, sending i ...