Forgent Power Solutions is trading at $19.25 (-13.39%) as AI- and data-center-linked stocks faced pressure after midterm election results raised concerns about potential industry expansion hurdles, according to Reuters.
- No new company-specific announcement explaining the November 5 decline was identified; the stock had also fallen sharply on November 4.
- The broader market was sharply lower, with the Nasdaq down 4.25%, adding pressure to the shares.