Celsys Plunges in Afternoon Trading Despite Upward Revision to Full-Year Forecast

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Celsys plunged in afternoon trading. Just before the morning session close, the company announced its second-quarter results and an upward revision to its full-year earnings forecast for the fiscal year ending December 2026. However, with the stock having risen for four consecutive days through the previous session on expectations of strong results, it is now being pushed lower by selling on the view that the near-term catalysts have been exhausted.

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Information Technology▼ · 1 stocks
CELSYS, Inc.
3663
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Stock plunges despite upward forecast revision as near-term catalysts seen exhausted.

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