| 2024-04-25 | -3.62 % |
- The article highlights that Rivian Automotive (RIVN) stock experienced a 3.62% decline last night, and despite its partnership with Amazon (AMZN), the stock has been losing its appeal due to a disappointing February 2024 report compared to competitors like Tesla (TSLA), leading to a more uncertain outlook for the company. The stock went down due to the unsatisfactory report and mixed future prospects compared to other electric vehicle (EV) players.
- The article discusses a class action lawsuit filed against Rivian Automotive, Inc. (RIVN) alleging that the company made false statements regarding its product demand, ability to withstand economic impacts, and order bank status, which negatively impacted its anticipated earnings and vehicle production targets for 2024, leading to a -3.62% drop in the stock price.
- The article discusses a class action lawsuit filed against Rivian Automotive (RIVN) on the grounds of allegedly overstating product demand and its ability to withstand negative economic impacts, which led to reduced demand and increased cancellations, causing the stock to go down by -3.62%.
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| 2024-04-24 | -2.21 % |
- Summary: Pomerantz LLP has filed a class action lawsuit against Rivian Automotive, Inc. (RIVN) and certain officers for allegedly making false and misleading statements about the company's business operations, leading to decreased demand and reduced earnings forecasts, which caused the stock to drop by 25.6% on February 22, 2024.
Reason for Stock Decline: The decline in Rivian Automotive's stock price was primarily due to the company overstating demand for its products, facing reduced demand and increased customer cancellations, as well as failing to meet earnings and production targets for 2024, leading to negative impacts on its financial outlook and stock value.
- The article discusses a boost in holdings of Rivian Automotive stock by Signaturefd LLC, alongside other large investors recently buying and selling shares, while also mentioning insider selling activities. The stock of Rivian Automotive (RIVN) went down by -2.21% last night, likely affected by the negative quarterly earnings report released on February 21st, showing a negative net margin and return on equity, as well as a consensus estimate of the company posting negative earnings per share for the current year. Additionally, various brokerages have issued ratings on RIVN stock, with some downgrading, reducing price targets, and one even issuing a sell rating, which may have contributed to the stock decrease.
- The article discusses Rivian Automotive's stock (RIVN) being down 1.3% due to Barclays lowering their price target on the stock to $10.00, leading to a decline in trading volume; this occurred despite various other brokerages issuing mixed reports on RIVN, with insider selling and large investors making changes to their positions in the company. The stock's recent performance is impacted by the negative return on equity, its debt-to-equity ratio, and its Q4 earnings results, which included a negative net margin.
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| 2024-04-23 | +2.84 % |
- The article announces a class action lawsuit against Rivian Automotive (RIVN) for allegedly making false and misleading statements about their business operations, with the stock price previously experiencing a significant drop due to lower vehicle production targets and financial forecasts, but rose by 2.84% recently likely due to market dynamics and investor sentiment.
- The article discusses how the law firm Faruqi & Faruqi, LLP is investigating potential claims against Rivian Automotive, Inc. and inviting investors who suffered losses to contact them regarding a federal securities class action, revealing that the stock price of Rivian fell by 25.6% due to the company overstating demand for its products and experiencing reduced demand, increased cancellations, and lower earnings forecasts, which caused the stock to drop; however, recently it has gone up by 2.84%.
- The Rivian Automotive (RIVN) stock went up by 2.84% last night due to positive market sentiment, but there is also a class action lawsuit filed against the company by Rosen Law Firm for allegedly providing false and misleading information about Rivian's product demand and financial performance.
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| 2024-04-22 | +1.85 % |
- The article announces a securities class action lawsuit against Rivian Automotive, Inc. for allegedly overstating demand for its products, leading to reduced demand, increased cancellations, and negative impacts on earnings and production targets, resulting in a significant drop in its stock price on February 22, 2024. The recent 1.85% increase in Rivian Automotive (RIVN) stock price could be due to various factors, including market sentiment, news, or investor perception.
- The article discusses an investigation by Faruqi & Faruqi, LLP into potential claims against Rivian Automotive, Inc. (RIVN) and the deadline for investors to seek the role of lead plaintiff in a federal securities class action against the company, representing investors who have suffered losses due to alleged false and misleading statements made by Rivian regarding its product demand, ability to withstand negative impacts, reduced order bank, and lower earnings forecasts. The stock of Rivian went up likely due to various factors such as market conditions, investor sentiment, company performance, or news announcements.
- The article summarizes an investigation by Faruqi & Faruqi, LLP regarding potential claims against Rivian Automotive, Inc. (RIVN) for allegedly violating federal securities laws by making false statements related to demand for its products, resulting in reduced demand and impacting the company's earnings and production targets. Rivian's stock price went up by 1.85% due to various factors not mentioned in the article.
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| 2024-04-19 | -2.27 % |
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| 2024-04-18 | +1.03 % |
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| 2024-04-17 | +0.34 % |
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| 2024-04-16 | +3.69 % |
- The article discusses how Rivian Automotive's stock price increased by 3.69% following an upgrade, with one analyst noting that the stock had previously fallen significantly and cautioning bearish investors about the high short interest in the company. The stock likely went up due to this upgrade and possibly the potential short squeeze from the high short interest levels.
- Summary: Tesla is laying off over 10% of its global workforce and facing falling sales, leading to concerns about the company's growth; this caused Tesla's stock to close 5.6% lower at $161.48 on Monday, and resulted in a drop in shares of other EV makers like Rivian Automotive, Lucid Group, and VinFast Auto.
Reason for Rivian Automotive (RIVN) stock increase: The increase in Rivian Automotive (RIVN) stock by 3.69% last night was not directly mentioned in the provided article, but it could be due to various factors such as positive market sentiment towards electric vehicle companies, potential growth prospects, positive developments or news related to Rivian, or general market trends impacting EV stocks.
- The article mentions that Rivian Automotive (RIVN) stock went up by 3.69% after recent declines, and the increase could be attributed to positive news from a bank suggesting that Rivian is no longer a sell recommendation.
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| 2024-04-15 | -8 % |
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| 2024-04-12 | -4.6 % |
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| 2024-04-11 | -6.82 % |
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| 2024-04-10 | -3.39 % |
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| 2024-04-08 | +3.37 % |
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| 2024-04-05 | -0.3 % |
- The article discusses how Rivian Automotive (RIVN) stock was down by -0.3% and highlights that despite not being included in the best stocks to buy list identified by The Motley Fool Stock Advisor analyst team, investors are advised to carefully consider investing in Rivian Automotive before deciding.
The reason for Rivian Automotive's stock decline could be due to various factors such as overall market conditions, company-specific news, or changes in investor sentiment. Without specific details from the article, it is challenging to pinpoint a single reason for the stock going down.
- Summary: The article discusses Rivian Automotive (RIVN) stock, highlighting the recent -0.3% decline, and examines the company's financial performance, particularly focusing on its Q4 FY2023 results, operating expenses, gross loss, production forecasts, and competition concerns. The stock declined due to a negative adjusted EBITDA for Q4 FY2023, increased operating expenses, and concerns about the company's ability to achieve profitability and compete effectively in the EV market, leading analysts to maintain a "Neutral" rating.
Reason for stock decline: Rivian Automotive (RIVN) stock went down due to a negative adjusted EBITDA for Q4 FY2023, increased operating expenses, failure to move towards break-even in terms of gross profit, lower production forecasts for 2024, and concerns about profitability and competition from other EV manufacturers, especially Chinese companies ramping up exports which could pose a threat to Rivian's market share and expansion plans.
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| 2024-04-03 | +0.29 % |
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| 2024-04-02 | -5.23 % |
- The article discusses how Rivian Automotive (RIVN) reported better-than-expected first-quarter vehicle deliveries, reaffirmed its production goals for 2024, and unveiled new vehicle models, leading to positive sentiment initially but the stock later fell by 5.2% due to questions about bringing new products to market independently amid waning EV demand and concerns about pausing its Georgia plant plans.
- Summary: Rivian Automotive announced its production and delivery totals for the quarter ending March 31, 2024, meeting expectations, with plans to produce 57,000 total vehicles for the full year. However, the stock (RIVN) was down 5.23% following this announcement.
Reason for stock decline: The stock price of Rivian Automotive (RIVN) may have gone down due to market reaction, investor sentiment, profit-taking, or general market conditions, among other factors.
- The article reports that Rivian Automotive Inc. delivered 13,588 vehicles in the first quarter, exceeding expectations, but its stock still dropped by -5.23% due to broader market conditions impacting the electric vehicle sector.
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| 2024-04-01 | +1.28 % |
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| 2024-03-27 | +4.47 % |
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| 2024-03-26 | -1.22 % |
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| 2024-03-22 | -3.31 % |
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| 2024-03-20 | +0.89 % |
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| 2024-03-19 | -1.23 % |
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| 2024-03-18 | +3.26 % |
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| 2024-03-15 | +3.27 % |
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| 2024-03-14 | -8.71 % |
- The article discusses Piper Sandler's upgrade of Rivian Automotive Inc (NASDAQ: RIVN) stock from Neutral to Overweight with a new price target of $21, attributing the shift to recent product unveilings and financial decisions, despite potential risks associated with midyear re-tooling and emphasizing positive consumer response, new product lineup, and strategic decisions. However, last night, Rivian Automotive's stock experienced a -8.71% decline, which could be due to various reasons such as profit-taking, market fluctuations, general market sentiment, or other external factors impacting the stock price.
- Rivian Automotive (RIVN) stock was down 8.3% after reports of rival electric vehicle manufacturer Fisker (FSR) potentially preparing to file for bankruptcy.
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| 2024-03-13 | -5.34 % |
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| 2024-03-12 | -2.52 % |
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| 2024-03-11 | -0.7 % |
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| 2024-03-08 | +2.16 % |
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| 2024-03-07 | +13.42 % |
- Rivian Automotive (RIVN) stock surged 13.42% as the company decided to halt plans for a new factory in Georgia to save costs and focus on launching a more affordable electric vehicle, the R2 model, earlier than expected, driving investor optimism on the company's future prospects.
- Rivian Automotive (RIVN) stock surged 13.4% following the introduction of three new models, including the R2 SUV starting at $45,000, R3 crossover, and RX3 performance variant, with improved range and acceleration, leading to increased investor confidence in the company's expansion and product offerings.
- The article discusses Rivian Automotive (RIVN) stock, which surged by 13.42% last night, attributed to the news of the end of a deal with Amazon and the introduction of new features by Rivian CEO RJ Scaringe.
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| 2024-03-06 | +0.91 % |
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| 2024-03-05 | +0.18 % |
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| 2024-02-29 | +0.18 % |
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| 2024-02-28 | +1.44 % |
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| 2024-02-27 | +4.11 % |
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| 2024-02-26 | +6.26 % |
- Rivian Automotive's stock (RIVN) went up 6.26% last night despite being downgraded by UBS, JPMorgan, and Truist due to concerns over slower growth, large losses, and capital needs, with institutional investors and professional traders relying on The Fly for timely updates on electric vehicle and clean energy sector news and stock recommendations.
- The article discusses how Rivian Automotive Inc. stock rose after a significant drop following a disappointing earnings report, with high-profile corporate investors like Amazon being impacted, and the stock likely rose due to a rebound from the previous week's losses.
- Invesco Ltd. increased its holdings in Rivian Automotive, Inc. (RIVN) by 17.7% during the 3rd quarter, contributing to the stock's recent 6.26% rise, as other institutional investors also boosted their stakes in the company, leading to positive investor sentiment and driving up the stock's value.
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| 2024-02-23 | -12.05 % |
- The article discusses the recent 25% drop in Rivian Automotive Inc.'s stock (RIVN), which was triggered by the company announcing a 10% reduction in its workforce and revised lower production expectations, causing investors to lose confidence in the company's future prospects.
- The article summarizes Rivian Automotive's financial performance, with revenue up 167% from FY 2022, net loss narrowed by 20%, and a loss per share improvement, but still missing analyst estimates, leading to a 12.05% decrease in RIVN stock last night, with the company's shares down 30% from a week ago, potentially influenced by 3 warning signs discovered for Rivian Automotive.
- The article discusses high growth consumer stocks to buy, and mentions that Rivian Automotive (RIVN) stock was down by -12.05% last night. The stock might have gone down due to the negative impact of adverse macroeconomic situations on consumer discretionary sector companies, as customers tend to cut down their expenditures on non-essential goods during economic instability.
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| 2024-02-22 | -25.6 % |
- The article discusses JPMorgan's revision of its outlook on Rivian Automotive Inc (RIVN) from Neutral to Underweight, highlighting the company's slower growth trajectory, persistent large losses, missed sales and production targets, potential demand issues, and profitability concerns. The downward trend in Rivian's stock is attributed to these factors, along with challenges such as delayed positive EBITDA and free cash flow projections, potential need for capital raises, competitive pressures from rivals like Tesla, and the absence of strong gross margin profitability as a buffer.
- Rivian Automotive Inc.'s stock plunged 25.6% after disappointing earnings showed a larger-than-expected loss and reduced production expectations for 2024, caused by underwhelming guidance and manufacturing challenges leading to cost reductions and operational changes, attributed to macroeconomic headwinds and the end of subsidies in the EV market, despite analysts maintaining long-term viability optimism based on the upcoming launch of the new R2 midsize SUV and expectations for revenue growth and profitability in the future.
- The article states that Rivian Automotive (RIVN) reported a significant decrease in its stock value by -25.6% due to its earnings results for the full year ended December 31, 2023, which revealed lower sales and increased net losses compared to the previous year.
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| 2024-02-21 | -3.15 % |
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| 2024-02-15 | +5.21 % |
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| 2024-02-14 | +1.04 % |
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| 2024-02-13 | -5.82 % |
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| 2024-02-12 | -2.1 % |
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| 2024-02-09 | +3.54 % |
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| 2024-02-07 | -2.13 % |
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| 2024-02-02 | +0.45 % |
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| 2024-02-01 | +1.44 % |
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| 2024-01-31 | -2.23 % |
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| 2024-01-30 | -2.85 % |
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| 2024-01-29 | +5.43 % |
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| 2024-01-26 | +1.93 % |
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| 2024-01-25 | -2.22 % |
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| 2024-01-23 | +0.06 % |
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| 2024-01-22 | +3.55 % |
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| 2024-01-18 | -6.09 % |
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| 2024-01-17 | -5.95 % |
- Rivian Automotive (RIVN) stock is down 5.95% due to an analyst downgrading the stock's price target by nearly 35% based on a weak outlook for 2024.
- Rivian Automotive (RIVN) stock has experienced a significant drop of -5.95% recently, and the article suggests that the stock will likely remain volatile due to its recent cooling off from a surge in December, and it would require stability and specific factors for it to become more steady in the future.
- The article discusses the consensus among analysts about the best electric vehicle (EV) stocks for 2024, with a focus on profitability, production growth, and market dominance. It mentions several EV companies, including Volkswagen AG, XPeng Inc, Ford Motor Company, General Motors Company, Rivian Automotive, Inc., Tesla Inc., and Li Auto Inc. The article does not explicitly state why the stock of Rivian Automotive (RIVN) went down, but it suggests that the company needs to slow down its cash burn, continue production growth, and work towards profitability.
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| 2024-01-12 | -3.89 % |
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| 2024-01-11 | -1.47 % |
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| 2024-01-10 | -0.94 % |
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| 2024-01-08 | +2.62 % |
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| 2024-01-05 | -2.15 % |
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| 2024-01-04 | -4.04 % |
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| 2024-01-03 | -3.7 % |
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| 2024-01-02 | -10.06 % |
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| 2023-12-29 | -0.34 % |
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| 2023-12-27 | +0.59 % |
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| 2023-12-26 | +1.64 % |
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| 2023-12-21 | +1.73 % |
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| 2023-12-19 | +2.31 % |
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| 2023-12-18 | +4.25 % |
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| 2023-12-15 | +1.78 % |
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| 2023-12-14 | +13.97 % |
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| 2023-12-13 | +8.07 % |
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| 2023-12-12 | -3.91 % |
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| 2023-12-07 | +4.41 % |
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| 2023-12-06 | +5.57 % |
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| 2023-12-05 | -1.86 % |
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| 2023-12-04 | -1.61 % |
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| 2023-12-01 | +7.58 % |
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| 2023-11-30 | -3.23 % |
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| 2023-11-27 | +1.4 % |
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| 2023-11-20 | +1.38 % |
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| 2023-11-17 | +1.89 % |
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| 2023-11-14 | +4.39 % |
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| 2023-11-10 | +0.46 % |
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| 2023-11-09 | -9.82 % |
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| 2023-11-08 | -2.41 % |
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| 2023-11-07 | +1.4 % |
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| 2023-11-01 | -0.55 % |
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| 2023-10-27 | -0.99 % |
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| 2023-10-26 | -4.99 % |
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