Business
Here’s why the Appen (ASX:APX) share price is sinking – The Motley Fool Australia
The Appen Ltd (ASX:APX) share price was crunched 9% today as investors sold off after a negative broker report from Macquarie.
The Appen Ltd (ASX: APX) share price dropped by 9% today after it was on the receiving end of a negative broker report.
Analysts at Macquarie Group Ltd (ASX: MQG) issued a painful downgrade of expectations for Appen this year.
Here’s what happened to the Appen share price
Appen shares suffered after Macquarie downgraded the technology business from ‘outperform’ to ‘underperform’.
Macquarie thinks that the FY20 result is now going to be a ‘non-event’ because of increasing competition and this will…
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