Enovix Corporation (ENVX) Stock Sinks As Market Gains: Here's Why

In the latest trading session, Enovix Corporation (ENVX) closed at $9.74, marking a -0.1% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.Shares of the company have appreciated by 3.5% over the course of the past month, outperforming the Oils-Energy sector's gain of 2.25% and lagging the S&P 500's gain of 5.2%.The investment community will be closely m ...