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.
Source Fool.com