Shutterstock’s Share Price Down 30% Overnight

By Lee Torrens Shutterstock shares are trading around $35 per share this morning after closing at $50.75 last night, a drop of over 30%. They dipped to $32.61 in the first hour of trade. The company released their quarterly earnings report this morning, which was mostly positive. But news of yet another senior executive departure, this time CFO, Tim Bixby, was not so positive. Quarterly… …read more

Via: Microstock Diaries


Marco | Editor

Editor at large and founder of a bunch of stockphoto businesses