TTAN is trading at $62.27, down 3.1% today, continuing a sharp weekly decline driven by recession fears and weak employment data that sparked a rotation away from growth-oriented software stocks.
- The stock has plummeted 32% over the past week, significantly underperforming major indices as the S&P 500 and Nasdaq fell 1.14% and 1.50%, respectively.
- Macroeconomic pressure intensified following reports of 108,435 job cuts in January—the highest since 2009—and weekly jobless claims exceeding expectations at 231,000.
- Despite no company-specific news for ServiceTitan, the shares remain under pressure as investors flee risk assets and high-growth SaaS companies amid economic slowdown anxieties.