Shutterstock Stock Plunges 9.4% Amid UK Competition Concerns

Shutterstock's stock price has fallen 9.4% after its proposed merger with Getty Images was referred for a deeper review by the UK's Competition and Markets Authority. The CMA expressed concerns about the merger's potential impact on prices and service quality. Shutterstock remains committed to the merger, but investors are concerned about delays or the deal being blocked. The stock has been volatile, with 31 moves greater than 5% in the last year, and has fallen 21.9% since the beginning of the year.