Why CuriosityStream Stock Plummeted Today

Evan Niu, CFA, The Motley Fool
·1 min read
Why CuriosityStream Stock Plummeted Today

Shares of CuriosityStream (NASDAQ: CURI) have plummeted today, down by 14% as of 1:40 p.m. EDT, after getting a double downgrade from Wall Street. BofA Securities cut its rating on the stock from buy to underperform while sticking by its price target of $14. The rating change is largely due to the fact that CuriosityStream shares had nearly doubled over the course of a month, raising potential valuation concerns and achieving the $14 price target that BofA had previously set.

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