Shares of Nutanix Inc. sank 8% Wednesday after the company’s 180-day-lockup period on selling shares expired. Nutanix hit the public market in September of 2016 and saw a huge share pop,closing 130% above its issue price of $16 a share. Shares have not done as well since then, with a drop of 39% in the past month and a drop of 30% in the past three months, compared to the S&P 500’s loss of less than 1% and gain of 5%, respectively.
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From:: Stock Market News