New Relic Inc. ($NEWR) Stock Forecast: Down 1.6% Today

What is New Relic Inc.?

NEWR is a technology company that provides cloud-based software analytics and monitoring services.

Why is New Relic Inc. going down?

NEWR stock is down 1.6% on Jun 15, 2023 11:35

• NEWR had a strong bearish movement today.
• The resignation of Kristy Friedrichs, the company's Chief Operating Officer, may have caused uncertainty among investors.
• The comparison article between NEWR and 8x8 may have also contributed to the bearish movement.
• The news about CloudZero raising $32 million is not directly related to NEWR and is unlikely to have affected its market movement.

NEWR Price Chart

NEWR News

Gambling.com, Editas Medicine And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Crescera Cap Acquisition ( NASDAQ:CREC ) , BeiGene ( NASDAQ:BGNE )

Gambling.com Group Limited GAMB shares dipped 10.4% to $9.86 in pre-market trading after the company reported pricing of secondary offering of ordinary shares by selling shareholders. BeiGene, Ltd. BGNE shares dropped 9% to $189.47 in pre-market trading.

https://www.benzinga.com/news/23/06/32869784/gambling-com-editas-medicine-and-other-big-stocks-moving-lower-in-thursdays-pre-market-session

New Relic COO Kristy Friedrich resigns

As per the regulatory filing, New Relic (NEWR) notifies that Kristy Friedrichs resigned from her role as the company’s Chief Operating Officer effective December 31, 2023.Ms

https://seekingalpha.com/news/3980007-new-relic-coo-kristy-friedrich-resigns

EGHT vs. NEWR: Which Stock Is the Better Value Option?

Investors interested in Internet - Software stocks are likely familiar with 8x8 ( EGHT Quick QuoteEGHT - ) and New Relic ( NEWR Quick QuoteNEWR - ) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

https://www.zacks.com/stock/news/2107148/eght-vs-newr-which-stock-is-the-better-value-option

CloudZero Raises $32 Million To Transform Cloud Cost Management

https://kwhen.com/finance/news/fba92ce6-aba7-40ae-82aa-b72acb8d4abd

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New Relic Inc. Price History

15.05.2023 - NEWR Stock was down 6.5%

• NEWR had a bearish movement today, possibly due to the resignation of its COO, Kristy Friedrichs, which could have caused uncertainty among investors.
• The comparison between NEWR and 8x8 in the article may have also affected the market movement, as investors may have favored the latter as a better value option.
• The funding news of CloudZero, a competitor in the cloud cost management space, may have also contributed to the bearish movement of NEWR.

17.04.2023 - NEWR Stock was up 10.9%

• NEWR had a strong bullish movement today.
• The upgrade in its IBD SmartSelect Composite Rating from 94 to 96 may have contributed to the bullish movement.
• The conference call for investors hosted by New Relic Inc may have also contributed to the bullish movement.
• The news articles do not provide a clear reason for the bullish movement, but it may be due to positive market sentiment towards the company and the tech industry as a whole.