Why Logitech International Stock Dropped 14% in September
Shares of Logitech International (NASDAQ: LOGI) lost 13.9% in value last month, according to data provided by S&P Global Market Intelligence. Morgan Stanley analyst Erik Woodring downgraded the stock to underweight from equal weight, expecting a slowdown in growth in the near term.
The stock has been in a downward spiral in recent months, down 11% year to date, as market participants rotate out of stay-at-home stocks into other opportunities.
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Source Fool.com