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Why Sonos Stock Stumbled Today

TheMotleyFool

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Shares of home-audio company Sonos (NASDAQ: SONO) were falling on Thursday, after a report surfaced claiming the company is preparing to issue new shares. As of 10:50 a.m. EDT, the stock was down 9%.

Sonos stock had been slowly recovering from its steep losses earlier in the year. However, including today's drop, it's sharply underperforming the market average.