Here's Why Dynatrace Stock Plummeted 18% Last Month

Instead, investors were likely reacting to a broader market sell-off that sent the S&P 500 tumbling nearly 9% and the tech-heavy Nasdaq Composite down 13%. Dynatrace shareholders were seemingly in panic mode throughout April, pushing the stock down 18.6%, according to data provided by S&P Global Market Intelligence. Investors were in full-blown pessimistic mode last month as they processed news that the Federal Reserve was poised to raise the federal funds rate.