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Here’s Why Bandwidth Shares Dropped More Than 30% on Thursday
The Dow Jones Industrial Average rose by about 0.3%, the S&P 500 finished 1.5% higher, and the tech-heavy Nasdaq popped by 3.3%. Despite the general outperformance of technology stocks, though, cloud communications company Bandwidth (NASDAQ: BAND) had a terrible day as its shares fell by 32.1%. In fact, the last time Bandwidth’s share price was this low was in 2018.
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