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Actionable news in PSTG: Pure Storage Inc,

Pure Storage (PSTG) Stock Falls After Ratings Downgrade

NEW YORK (TheStreet) -- Shares of Pure Storage (PSTG) were tumbling 13.94% to $11.54 on heavy trading volume late Friday morning after OTR Global downgraded the stock to "negative" from "mixed," TheFly reports.

The lowered rating comes after survey results indicated heightened competition, pricing pressures and lower-than-expected pipelines for...