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Sharp correction follows extended rally in small-cap stock
After a strong rally, Cupid shares corrected sharply as analysts cited profit booking and elevated valuation concerns.
Cupid shares saw a steep decline for the second straight session after a sharp rally earlier in the year. The correction to profit booking and valuation concerns following an outsized run up. Market participants note that such volatility is common in small cap stocks, advising investors to reassess risk exposure and avoid momentum-driven decisions.