Fiverr was a clear winner in 2020. The stock has had a massive run for investors lucky enough to invest last year. FVRR stock rose close to 10x from a May 2020 price of roughly $25 to a high of more than $300. Compare FVRR stock returns with the S&P 500 index’s roughly 37% return during the same timeframe you can see that these are easily market-crushing returns.
The recent stock market sell-off hit the high-flying technology sector hard. FVRR stock is no exception, as the sell-off has taken the wind out of its sails. It broke down from its 50-day simple moving average, indicating that at least in the short-term, the uptrend is over. The stock could be entering consolidation before its next run-up.
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