Why Perion Network Stock Is Plummeting Today

Perion Network (PERI -12.41%) stock is getting hit with big sell-offs in Wednesday's trading. The ad tech company's share price was down 11.7% as of 12:40 p.m. ET and had been off as much as 15.2% earlier today.Perion reported its fourth-quarter results before the market opened this morning, and investors are having a strong bearish reaction. Besides posting sales that fell slightly short of the average Wall Street target, the company also issued guidance that was way below the mark.Perion stock slips on a ...