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Why iRobot Stock Dropped Nearly 13% in October

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Why iRobot Stock Dropped Nearly 13% in OctoberPhoto, 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

Why iRobot Stock Dropped Nearly 13% in October

Shares of consumer robot specialist iRobot (NASDAQ: IRBT), best known for its Roomba robotic vacuum, plunged 12.8% in October, according to data from S&P Global Market Intelligence.

iRobot stock is up 32% for the one-year period through Nov. 10, despite getting clobbered for a couple of months. The S&P 500 has returned nearly 22% over the same period.

Image source: iRobot.

Source: Fool.com