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CeriBell (CBLL) Plunges 6.71% Amid IPO Lockup Expiration Fears
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 8, 2025 8:01 pm ET1min read
CeriBell (CBLL) shares plummeted 6.71% today, marking the fourth consecutive day of decline, with a cumulative drop of 11.80% over the past four days. The share price hit a record low today, with an intraday decline of 8.03%.
The primary factor influencing the recent decline in CeriBell's stock price is the upcoming expiration of the IPO lockup period on April 9th, 2025. This event will release 23.4 million restricted shares into the market, potentially leading to a significant short-term decrease in the share price due to the increased supply of shares.
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