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Byddy stock price fell to $28.15 on profit-taking after a three-day winning streak. Some analysts warn of a possible pullback to $27.50 before the next leg higher. A price war in China doesn't necessarily directly impact U.S. manufacturers, but there are indirect impacts. Chinese vehicles do make their way to Europe and much of the rest of the world. So, falling prices can reduce the addressable market for Rivian and Fisker. In the wake of the internet bubble's deflation, Warren Buffett saw a "diminished" threat to "gullible" investors. Byddy stock price ended flat at $28.48, but technical analysis shows the 50-day moving average is trending upward, which historically has been a bullish signal for mid-cap growth stocks.
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