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Why Sonos Stock Was Falling This Week

·2-min read

Week to date, shares of Sonos (NASDAQ: SONO) were down 26% through the market close on Thursday, according to data provided by S&P Global Market Intelligence. Earlier this week, Sonos reported disappointing revenue results for the fiscal third quarter ending July 2, which caused the share price to fall. Following the share price drop, Sonos stock has fallen 42% year to date, underperforming the S&P 500's drop of 11.7%.