Lineage (LINE) Shares Plunge 5.15% on Revenue Decline

Lineage (LINE) shares fell 0.37% today, marking the fourth consecutive day of decline, with a total drop of 5.15% over the past four days. The share price hit a record low today, with an intraday decline of 1.24%.

The strategy of buying LINE shares after they reach a recent low and holding for one week resulted in no return over the past five years. The strategy had a CAGR of 0.00% and an excess return of -55.77%, significantly underperforming the benchmark return of 55.77%. Additionally, the strategy had a maximum drawdown of 0.00% and volatility of 0.00%, indicating a risk-averse approach but failing to capitalize on broader market gains.

The recent decline in Lineage's stock price can be attributed to a decrease in the company's revenue. According to reports, the firm's revenue decreased by 2.7% compared to the same quarter last year. This decline in revenue may have contributed to the recent drop in stock price, as investors react to the company's financial performance.