Unity Software Inc. (U) shares are down 3.83% to $23.10 as of 10:21 am on November 26th, compared to the previous close of $24.02. The decline comes amid a broader market reaction to President-elect Donald Trump's announcement of potential tariffs on imports from Mexico, Canada, and China. The proposed tariffs, which include a 25% levy on products from Mexico and Canada and a 10% levy on Chinese goods, have created uncertainty in the market, affecting stocks across various sectors, including technology.
Additionally, Unity Software's stock may be experiencing pressure following the recent sale of 8,112 shares by CFO Mark Barrysmith on November 25th. The shares were sold at an average price of $24.38, totaling $197,770.56. This insider sale could be contributing to the negative sentiment around the stock.