Why Gemini Space Station Stock Declined 23% This Week
Source: Motley Fool
2026-03-27 08:58:39 ET
Shares in Gemini Space Station (NASDAQ: GEMI) declined by 23.1% in the week to Friday morning, continuing a miserable year for the company. The stock is down 54% year to date.
This week's decline followed a slew of analysts lowering their price targets on the stock in the wake of its fourth-quarter earnings release last Friday. As previously discussed , the results were pretty much in line with management's estimates a month earlier, so the market's reaction is somewhat surprising. However, the analyst community's response is not.
Image source: Getty Images.
Gemini Space Station Inc.
NASDAQ: GEMI
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