Wealthfront Corp. (WLTH) saw its shares plummet 19.38% intraday on Tuesday, extending a pre-market decline triggered by Wells Fargo's price target reduction. The stock had already dropped 5.08% in pre-market trading following the analyst's bearish update.

Wells Fargo lowered its price target on Wealthfront to $15.50 from $16.50, citing persistent concerns over cash asset shrinkage. This adjustment reflects growing investor unease about the company's financial health, which contributed to the sharp sell-off during the trading session.