Why Perion Network Stock Was Falling Today

Investors continued to sell the stock in response to Wednesday's earnings report.Shares of Perion Network (PERI -3.64%) were moving lower today for the second day in a row after the adtech company reported first-quarter earnings Wednesday morning that initially pleased the market but reversed later in the session.On Thursday, that slide continued as investors had more time to assess the state of the business after Microsoft slashed its payments to ad partners like Perion, causing the stock to plunge by roug ...