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Why Lizhi Stock Plummeted 33.4% Last Month

TheMotleyFool

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Why Lizhi Stock Plummeted 33.4% Last Month

Shares of Lizhi (NASDAQ: LIZI) dipped 33.4% in April, according to data from S&P Global Market Intelligence. The China-based audio platform company's stock soared 144.2% in February and then climbed 13.5% in March, but investors cooled on it last month after management moved forward with its plans to raise funds through new stock offerings.