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0.66%
0.53
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Why is Crown Holdings Inc (CCK) Stock down?
We've noticed a 13.20% decline in Crown Holdings Inc (CCK) stock during the 2024-02-06 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
06 Oct, 2023:
Shares of Crown Holdings, Inc. (CCK) dropped by 4.02% from $85.57 to $82.13 in the trading on Friday October 6, 2023. The reasons why CCK stock down include:
- Fear of interest rate hike: The release of the September jobs report heightened concerns about the possibility of a higher interest rate environment, which often has a negative impact on stock prices.
- Sector weakness: CCK belongs to the materials sector, which performed poorly on October 6, 2023. This sector's decline was driven by concerns about a potential slowdown in global economic growth, which could negatively affect demand for materials, including those produced by companies like CCK.
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