Why StoneX Group Stock Crumbled by Almost 15% Today

·2-min read
Why StoneX Group Stock Crumbled by Almost 15% Today

StoneX Group (NASDAQ: SNEX) was hardly a rock of a stock on Tuesday. After the financial services company reported its latest quarterly results following market close the previous day, investors traded the shares down by nearly 15% today. For its fourth quarter of fiscal 2021, StoneX posted net operating revenue of almost $262 million, which represented a 16% improvement over the same quarter a year ago.

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