Downfall of Cambium Networks Corp (CMBM) on October 5th: Stock Price Drops by 36.24%
Cambium Networks Corp (CMBM) saw a sharp downfall on October 5th, with its stock price plummeting by 36.24%, opening at $4.81, reaching a high of $5.34, and closing at $5.05.
by Surya
Updated Oct 06, 2023
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Cambium Networks Corp (CMBM) Stock Price Drops by 36.24%
On October 5th, Cambium Networks Corp (NASDAQ: CMBM) opened the trading day at $4.81, lower than the previous day's closing value of $7.92. However, the stock saw volatility throughout the day, with the highest price reaching $5.34 and the lowest dropping to $4.42. This price fluctuation resulted in a trading day that closed at $5.05, reflecting a decrease of $2.87 or 36.24% from the previous day's closing price.
The market capitalization of Cambium Networks Corp stood at $139.41M on October 5th, indicating the company's overall market value. Despite the day's price drop, the stock did not experience further changes in after-hours trading, maintaining a closing value of $5.07. Investors may have been closely monitoring the stock's performance, considering its 52-week high at $24.19 and its 52-week low at $4.42.
Here’s the share value data for Cambium Networks Corp (CMBM) on October 5th presented in a table format below;
|
Metric |
Value |
|
Previous Closing |
$7.92 |
|
Opening |
$4.81 |
|
High |
$5.34 |
|
Low |
$4.42 |
|
Closing |
$5.05 |
|
After Hours |
$5.07 |
|
Market Capitalization |
$139.41M |
|
P/E Ratio |
- |
|
Dividend Yield |
- |
|
52-Week High |
$24.19 |
|
52-Week Low |
$4.42 |
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