Why did Nordic Semiconductor stock fall on 8 October?
Written after the close on
Nordic Semiconductor −4.56%
Nordic Semiconductor fell very sharply in the last session. Over the past five trading days the shares fell clearly, more than a slightly weaker Oslo Børs benchmark, with the steepest drop coming in the latest session. The likely driver is a fresh analyst update that framed the shares as having little room left to rise, which can weigh on sentiment when the market is otherwise flat. Watch the late-October earnings report, which should clarify whether demand in its Bluetooth and cellular chip business is holding up.
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