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Why Naked Brand Group Stock Fell 15.3% Last Month

TheMotleyFool

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Shares of Naked Brand Group (NASDAQ: NAKD) slid 15.3% in October, according to data from S&P Global Market Intelligence. The once high-flying meme stock lost ground amid dissipating excitement surrounding a potential acquisition and concerns that the company will not be able to meet compliance standards needed to remain listed on the Nasdaq Stock Market.