At first glance, the fallout for Pure Storage (PSTG) should inspire dread. Amid a shaky environment for the technology sector and investors digesting broader economic concerns, PSTG stock isn’t exactly operating with the wind at its back. Plus, it’s difficult to have confidence in a security that has lost nearly 20% of value over a one-week period.
Going back to January 2019, there have only been 13 times when PSTG stock incurred a loss between 10% and 20%. Therefore, it’s not shocking that investors are waiting to see what happens next.
