Unity Software Tanks 48% YTD: How Should You Play the Stock?

Unity Software (U) has been in particularly choppy waters so far in 2024 as the stock has plummeted 48.2% compared with the Zacks Computer and Technology sector's 23.4% return, leaving investors wondering whether this represents a buying opportunity or a sign of deeper troubles ahead. Unity, known for its widely-used game development engine, has been grappling with challenges in its core business segments. The company's recent financial performance and guidance revisions have sparked concern among analysts ...