GENI Stock Alert: 9 Things to Know About the Sports Betting Play Amid the Massive Selloff – Investorplace.com

Today, investors inGenius Sports(NYSE:GENI) andGENI stock are seeing some intense selling pressure.

Source: Karolis Kavolelis / Shutterstock.com

Indeed, shares of GENI stock have lost nearly one-third of their value in a single day. Thats a massive hit for any individual stock, particularly over such a short period of time.

This move is a continuation of what has been some rather bearish momentum for Genius over the past month. Shares of GENI stock have now been cut by more than half as investors appear to look for other high-growth options to invest in today.

Of course, growth stocks have been hit hard in recent days. Concerns about the potential for faster-than-anticipated tapering following the re-nomination of Jerome Powell as Federal Reserve chairman have something to do with this. The entire Nasdaqexchange has been taking a breather (thats a nice way of putting it) this week.

However, lets dive into what investors are watching with this stock.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/11/geni-stock-alert-9-things-to-know-about-the-sports-betting-play-amid-the-massive-selloff/.

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GENI Stock Alert: 9 Things to Know About the Sports Betting Play Amid the Massive Selloff - Investorplace.com