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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

Here's Why CalAmp Stock Tanked in September

Chris Neiger, The Motley Fool
·2 min read
Here's Why CalAmp Stock Tanked in September

Shares of CalAmp (NASDAQ: CAMP) tumbled 12% in September, according to data provided by S&P Global Market Intelligence, after the company reported its second-quarter results toward the end of the month. CalAmp's steep share price drop during the month was far greater than the 4% loss the S&P 500 suffered and came in stark contrast to the broader gains many tech stocks have experienced over the past few months. CalAmp reported revenue of $83.5 million in the second quarter, down 10.4% from the year-ago quarter.

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