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Why Jamf Holding Stock Slumped on Tuesday

TheMotleyFool

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Why Jamf Holding Stock Slumped on TuesdayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Shares of Jamf (NASDAQ: JAMF) fell sharply on Tuesday morning. The Apple device-management software specialist fell as much as 9.9% in early trading. The stock recovered somewhat, ending the trading day down 6.7% compared to Monday's closing price.

Jamf announced plans to raise capital by selling convertible notes, which spooked some investors.

Image source: Getty Images.

Source Fool.com

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