Why Veru Stock Is Plunging Today
Veru (NASDAQ: VERU), a high-flying cancer and COVID-19 stock, is in full-on retreat mode today. The good news is that Veru didn't release any material news today, so its value proposition hasn't suddenly changed. The bad news is that investors appear to be profit-taking across the varied healthcare landscape today in response to the Federal Reserve's plans to continue raising interest rates in 2023.