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Why Poet Technologies Stock Plummeted This Week

TheMotleyFool

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Why Poet Technologies Stock Plummeted This Week: https://g.foolcdn.com/editorial/images/872500/gettyimages-1167797024.jpg

Poet Technologies (NASDAQ: POET) stock got hit with a significant pullback in this week's trading. The company's share price fell 17.1% across the stretch. The S 500 gained 1.8% over the same period, and the Nasdaq Composite rose 2.6%.

There wasn't any major business-specific news for Poet this week, but the company's stock moved lower as investors moved to lock in profits following gains this year. Despite recent sell-offs, the stock is still up 94% in 2026.

Image source: Getty Images.

Source Fool.com

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