Why Pure Storage Stock Is Sinking Today

Despite today's pullback, Pure Storage stock is still up roughly 77% year to date. Pure Storage (PSTG -4.21%) stock is slipping in Tuesday's trading. The company's share price was down 4.2% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence. The sell-off on Pure Storage stock follows bearish coverage from a financial analysis firm. Before the market opened this morning, UBS published a research note downgrading its rating on Pure Storage from neutral to sell. Interestingly, UBS actual ...