Broadcast|DWAC stock plunged for several days; meanwhile, GlobalFoundries shares accumulated a nearly 30% increase

By: MOS Education Team — Peter_Z

The share price of DWAC stock declined day by day. The DWAC jumped 13% suddenly on November 2nd, and the value dropped only 40% from its peak price at the end of the trading hours on November 3rd, which made the investors suffer heavy losses.

On the contrary, the stock of semiconductor giant GlobalFoundries has continued to rise sharply since its listing. GF’s stock price surged more than 5% on the previous trading day, on the last trading day of October. And on the first trading day of November, affected by the strengthening of the US semiconductor sector, GF surged more than 13% before the market, which made it rise by more than 20% for two consecutive days. On November 3rd, GF’s stock price increased by 4.57% and closed at an integer value of $59. The GF’s market value climbed more than 25% than its IPO valuation. It is reported that GF’s capacity utilization rate has exceeded 100%, and the company’s wafer production capacity is all sold out until the end of 2023.

Article: DWAC stock plunged for several days; meanwhile, GlobalFoundries shares accumulated a nearly 30% increase

Posted by: Yuki jiang

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