Big Data Stock Tableau Goes From Hot To Cold

Tableau Software took a big spill in the stock market today. The Big Data firm surpassed Q2 earnings and revenue expectations, but investors were still disappointed that the company didn't have an even bigger beat. Shares dropped as much as 22% in huge volume Wednesday, falling to a nearly three-month low and their 200-day line intraday. The stock was able to make back some of those losses, but it has erased its gains from a 99.39 buy point in April. Tableau hit the 20% profit-taking target in late June and earlier this month, which would have been ideal times to sell the stock. Tableau's rival Qlik fell in sympathy. It's trading just 5% below its high of 42.06, reached last Friday. Qlik last week missed earnings expectations, but shares shot up to a new high the following day on strong sales and revenue growth. Peer Splunk is also down today. The stock has more or less been trading sideways for the past several months. It's currently trading below its 50-day line and a 69.75 buy point from a cup-with-handle base.