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53.32
3.82%
-2.12
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Why is Vicor Corp (VICR) Stock down?
We've noticed a 7.50% decline in Vicor Corp (VICR) stock during the 2024-11-14 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!
25 Oct, 2023:
Shares of Vicor Corporation (VICR) dropped by 26.58% from $53.19 to $39.05 in the trading on Wednesday, October 25, 2023. The reason why VICR stock down is due to concerns about the company's future sales, despite reporting a solid 4.6% year-over-year revenue increase to $107.8 million and earnings of $0.37 per share in the third quarter. The primary worry stemmed from consistently low order bookings, resulting in a book-to-bill ratio below 1.0 and a 53% year-over-year decline in unfilled orders. This uncertainty caused a sharp decline in Vicor's stock price due to weakened investor confidence.
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