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Why is Genius Sports Limited (GENI) Stock down?

We've noticed a 5.10% decline in Genius Sports Limited (GENI) stock during the 2024-10-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Sep, 2023:

Genius Sports (GENI), a data services provider to sports organizations, witnessed a more than 6% drop in its share price due to news of a stock sale by Maven TopHoldings. Maven is selling 20 million shares at $5.35 each, reducing its stake from 25% to 14.5-15.8%. Despite the negative investor reaction, Genius Sports closed slightly higher than the sale price, reflecting continued investor confidence.

https://www.fool.com/investing/2023/09/14/why-genius-sports-stock-lost-more-than-6-of-its-va/

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