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ZOOZ Power Plunges 9.68% on Maxim Group Downgrade
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jul 24, 2025 9:01 am ET1min read
Aime SummaryOn July 24, 2025,
experienced a significant drop of 9.68% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.One of the key factors contributing to this decline is the recent downgrade by Maxim Group. The firm shifted its rating on ZOOZ Power from "Buy" to "Hold," indicating a more cautious outlook on the company's near-term prospects. This change in rating can often lead to a sell-off as investors adjust their positions based on the new recommendations.
Additionally, the broader market conditions and sector-specific trends may have also played a role in the stock's performance. The retail and cyclical sectors, in which ZOOZ Power operates, have been facing challenges due to economic uncertainties and shifting consumer behaviors. These external factors can exacerbate the impact of rating changes and lead to increased volatility in the stock price.
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