Downfall of Cambium Networks Corp (CMBM) on October 5th: Stock Price Drops by 36.24%

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;