After Plunging -52.33% in 4 Weeks, Here's Why the Trend Might Reverse for Ginkgo Bioworks (DNA)
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Ginkgo Bioworks (DNA) has experienced a significant decline of 52.33% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
March 14, 2025 | 2:45 pm
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Ginkgo Bioworks has seen a 52.33% drop in its stock price over the last four weeks. The stock is now considered oversold, and analysts are revising earnings estimates upwards, suggesting a potential reversal in the stock's trend.
The stock's significant decline has led it into oversold territory, a technical indicator that often precedes a price rebound. Additionally, the upward revision of earnings estimates by analysts supports the likelihood of a positive price movement.
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