Why Confluent Stock Was Plummeting This Week

Data streaming specialist Confluent's (CFLT -12.19%) stock was streaming in the wrong direction these past few trading sessions. A fairly aggressive price target cut from an analyst was a catalyst for this, and the share price was down by almost 13% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.A big chop from a bullThe downgrading party was Truist Securities analyst W. Miller Jump. As part of a broader analysis of the infrastructure and security softw ...