Site icon Market Globalist

Vroom Inc (VRM) Fell -15% In Pre-Market  Today, Are Weaker Results The Only Reason?

IMTE Stock

IMTE Stock

Shares of e-commerce platform Vroom, Inc. (Nasdaq: VRM) have been falling in the pre-market trades today. As of 08:29 a.m. EST, the stock price was buoying at $36.80 dropping -16.17%. The decline began yesterday when release of weaker results caused the stock to drop by -8.29% to $43.90 in trading of 3.15M shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What do the results say?

Vroom is an innovative, end-to-end ecommerce platform that improves the way buyers and sellers interact with each other. Consumers can access the entire process of buying and selling vehicles from anywhere using the Company’s scalable, data-driven technology. Among Vroom’s offerings are an extensive selection of used cars, a secure and free platform for buying and selling, transparent pricing, and quick financing.

Read More

Below are the highlights of Vroom’s financial results for the fourth quarter and fiscal year ended December 31, 2020, announced yesterday after close of the market:

Exit mobile version