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1.43
1.38%
-0.02
After Hours:
1.43
Why is Tigo Energy Inc. (TYGO) Stock down?
We've noticed a 7.08% decline in Tigo Energy Inc. (TYGO) stock during the 2024-05-08 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!
27 Nov, 2023:
Shares of Tigo Energy Inc. (TYGO) dropped by 17.60% from $2.67 to $2.20 in the trading on Monday, November 27, 2023. The reason why TYGO is down today is due to concerns related to commodities and inflation, which had a dampening effect on industrial stocks, as reported by Benzinga. The rise in inflation poses challenges for industrial sectors such as transportation and machinery, as it leads to increased costs. Additionally, many industrial companies rely on commodities, the prices of which have risen throughout the year. These factors likely contributed to the substantial drop in TYGO's stock price.
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