Regulatory Pressure Weighs on Getty Images and Shuttershock

6 days ago

Norinda

"Let's look at some names that ended lower uh today in trading. So, Getty Images and Shuttershock, both of those companies tumbled. We got Getty, that's ticker GY, and Shuttershock STK. both of them lower. Uh this is after the UK's competition and markets authorities said that their merger may be expected to result in a substantial lessening of competition here. So I mean of course you are seeing some pressure to both of those stocks. Of course if you hear that news that's not what investors"

Norinda discusses how Getty Images (GY) and Shuttershock (STK) tumbled after UK regulators indicated that their merger could lead to a significant reduction in competition. This regulatory concern is creating immediate pressure on both stocks.

Related Stocks