Why did bon stock drop over the last month

The stock price of BON has experienced a significant drop of 5.11% on August 1. Over the past month, Bon Natural Life's stock has seen a fluctuating decline, with various factors contributing to its downward trend: 1. **Recent Stock Performance**: BON's stock has experienced a significant drop of 18.7% on July 2, which may indicate a market reaction to recent news or events. 2. **Strategic Developments**: While Bon Natural Life has made strategic moves such as a reverse stock split and share buyback program, these initiatives might not have immediate positive effects on the stock price. In fact, major stock movements, such as the 7% surge mentioned, are not consistently sustained, indicating potential market skepticism or uncertainty about the company's growth prospects. 3. **Market Sentiment and Economic Factors**: Broader market sentiment and economic factors could also play a role. For instance, the U.S. jobs data release on August 1 triggered a market sell-off, which might have influenced investor behavior and led to the decline in BON's stock price. Additionally, the overall market pressure, including the decline in Bitcoin and stocks, could have contributed to the negative sentiment surrounding BON. In conclusion, Bon Natural Life's stock drop over the last month can be attributed to a combination of factors including strategic developments, market sentiment, and economic factors. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |BON|BON.O|Bon Natural Life|20250702|18.6992|186| |BON|BON.O|Bon Natural Life|20250703|2.7397|186| |BON|BON.O|Bon Natural Life|20250707|-6.6667|186| |BON|BON.O|Bon Natural Life|20250708|12.1429|186| |BON|BON.O|Bon Natural Life|20250709|-3.1847|186| |BON|BON.O|Bon Natural Life|20250710|0.6579|186| |BON|BON.O|Bon Natural Life|20250711|-3.268|186| |BON|BON.O|Bon Natural Life|20250714|4.0473|186| |BON|BON.O|Bon Natural Life|20250715|-3.8899|186| |BON|BON.O|Bon Natural Life|20250716|-2.7027|186|