Why ASML Holdings Plunged Today

Shares of ASML Holdings (NASDAQ: ASML) fell on Monday, plunging as much as 8.2%, before recovering to a 6.7% decline as of 2:30 p.m. EDT.The news has been terrific for ASML as of late, with the stock running up over 75% at one point in late June, and its valuation exceeding 60 times earnings.That kind of run-up leaves even the best stocks vulnerable to a pullback at the slightest hint of negative news. And investors got a negative rumor today from tech publication The Information, which reported that China is beginning to make machines that will compete with ASML's.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool