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GSM - Ferroglobe Stock Crashes on Earnings Results
Ferroglobe PLC
Shares of miner Ferroglobe (NASDAQ: GSM) were down 14.3% as of 1:45 p.m. EST today. The big price drop comes after the company released earnings results that weren't up to investor expectations.
Let's start with the fact that Ferroglobe's stock is already very volatile, and sometimes the stock can move more than 5% to 10% in a given day with no news at all. So a drop this big isn't completely out of the blue.