Spotify Stock Declines, Closing Down Nearly 3.5 Percent
Spotify Technology SA (NYSE: SPOT) shares ended the trading day lower on April 29th, closing the session at 576.94 USD.
This represented a decline of 20.79 USD, or 3.48 percent, for the day. The regular market session concluded at 7:57 pm GMT-4. Following the close, Spotify stock saw a further slight dip in after-hours trading, falling 3.19 USD (0.55 percent) to 573.75 USD.
The day’s closing price of 576.94 USD was considerably lower than the previous session’s close of 597.73 USD. Spotify began the trading day at 558.00 USD. Despite the overall negative performance, the stock did experience some upward movement during the session, reaching an intraday high of 591.00 USD. The lowest point touched during the day was 540.10 USD. The daily chart illustrates an initial dip followed by a climb towards the mid-afternoon before a decline into the close.
Key financial metrics for Spotify show a market capitalization of 11.81KCr. The company currently has a price-to-earnings (P/E) ratio of 91.88. The data indicates that Spotify Technology SA does not currently pay a dividend yield.
Looking at the broader performance context, Spotify shares have traded within a wide range over the past 52 weeks, reaching a high of 652.63 USD and a low of 280.37 USD.
