I’ve seen this “sub affects logitech stock” story a few times now, and I don’t find it very credible. If you look at the 1-month or longer price of the stock, it’s pretty evident that (a) a 5% intraday variation in price is totally normal and (b) the recent news that has actually hurt the stock price substantially is that their CEO resigned.
I’m skeptical that Amazon review trolls are buying enough stock to move the market.
If such a thing can drop its price, be sure that it would be a great buying opportunity
Click bait titles stitching together memes and selling it as reality at it again.
It barely went down then gone basically back up… this is like those articles who say “people are FURIOUS about blah blah” and then it’s only one tweet with no likes or retweets someone saying “i kinda dislike blah blah”
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marking a nearly 5 percent total drop
Otherwise known as statistical noise in the stock market.
By Friday afternoon, it had regained most of its lost value and closed out the week at $55.80 per share.
So, why is this news?
Imagine the stock gains if the controller is recovered intact.
That’s dumb the controller almost certainly had nothing to do with the implosion.
It would be like blaming the lettuce because your burger was undercooked it has nothing to do with structural integrity.
The whole premise of the article is dumb too as the stock only fluctuated by a few percent and was nearly back where it started at the end of the day which is pretty normal with stock prices.
