Unity Software Stock Drops After Games Company Issues Soft Guidance—Monitor This Key Level

Key TakeawaysUnity Software shares fell sharply in premarket trading Tuesday after the company issued weaker-than-expected current-quarter guidance.The company has recently undergone a portfolio and cost structure reset.Monitor if Unity Software shares find support around $25 near the lower trendline of a multi-year trading range.Unity Software (U) issued current-quarter guidance well below Wall Street’s estimates as the game development company undergoes a portfolio and cost structure reset, sending its sh ...