🔴 Adeia is trading 4.11% down today as inflation exceeds forecasts

Adeia is trading at $22.18, down -4.11%, as broader markets fall after inflation exceeded forecasts.

• Reuters reported September headline CPI rose 3.7% year over year versus 3.6% expected, while core CPI rose 2.6% versus 2.5% expected; higher yields pressured equities.
• The S&P 500 and Nasdaq were also lower, consistent with broader risk-off pressure. No clear company-specific catalyst for the October 14 decline was identified.