DigitalOcean Shares Plunge 9% on High Volume
DigitalOcean (NYSE:DOCN) shares dropped 9% today. Volume was more than double normal. It's been a rough season for DO. Shares today traded for as cheap as $59/share - well off the stock's highs above $130/share only two months ago. The reason for the plummeting valuation is not clear. Some possibilities: DigitalOcean was overpriced. It may still be overpriced. The company is losing 28 cents a share on a 6.3B market c...
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