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Spotify stock rebound9/7/2023 ![]() “Despite the volatility, millions of new investors came in September, taking positions aggressively in the small and mid-cap space. In September, 2.11 million were added, taking the total count to 102.61 million. In August, the country’s Demat account peaked at 100 million for the first time, with over 2.2 million new accounts. Industry officials said that retail traders got active again following the sharp market rebound from the June lows. The ADTV for the futures and options (F&O) segment was Rs 15.3 trillion in September, up 12% MoM and 37% from June. The derivatives segment recorded new trading volume all-time highs supported by the options segment. ADTV for the cash segment is still 8% below the April data of Rs 73,245 crore. (The stock then rebounded slightly in April of 2020 and, following the May of 2020 announcement that Spotify would become the exclusive home of The Joe Rogan Experience, embarked on an ascent that culminated in a nearly $365-per-share price in February of 2021.The Average Daily Turnover (ADTV) for the cash market segment, NSE, and BSE combined stood at Rs 66,914 crore in September, up at 4.3% MoM and 41% from June. SPOT’s day-end value reflects a 10.86 percent falloff from Monday morning, when shares were trading for about $152 apiece, as well as a more than 50 percent decrease from early March of 2021, when shares were hovering around $275 each.Īdditionally, Spotify stock’s current value is the lowest since the onset of the COVID-19 pandemic in March of 2020, when SPOT dropped into the low-$120s. When the market closed today, Spotify stock was worth $135.17 per share, having rebounded from the aforementioned 52-week low of $134.09 per share that came earlier in the afternoon. Now, many are speculating about SPOT’s short-term path forward and long-term outlook. Spotify stock (NYSE: SPOT) parted with 3.46 percent of its value today and briefly touched a 52-week low of $134.09 per share.
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