Bandwidth is trading 10.38% lower at $44.45 as reports link the decline to hotter September inflation and higher Treasury yields weighing on higher-multiple technology stocks.
- Core CPI rose 0.3% month over month, above the 0.2% expected; annual core inflation was 2.6%.
- The market snapshot showed a weaker Nasdaq, but no broad-market drop greater than 0.5%.
- No clear company-specific event was identified as the cause.