Why Phreesia Stock Got Knocked Down Today
Hardly for the first time in recent trading sessions, Phreesia (NYSE: PHR) stock took it on the chin Tuesday. Investors remained bearish on the stock following the healthcare provider software specialist's second-quarter earnings release last week. This was exacerbated by an analyst's recommendation downgrade early Tuesday morning. Buffeted by these headwinds, the company's stock closed that trading session almost 7% lower. The downgrading party was financial services company Raymond James , in the person of pundit John Ransom. He moved his Phreesia rating down one peg to market perform (hold, in other words) from his previous outperform (buy). Continue reading