On August 12, Bending Spoons S.p.A. declined 9.13% in regular trading, trading at $48.77/share with turnover of $37.86 million. The selloff was triggered by Bank of America Global Research downgrading the stock from Neutral to Underperform, while slightly raising its target price from $37 to $39.

The downgrade signals that BofA views the stock as significantly overvalued at current levels. Bending Spoons priced its IPO at $29 per share in early July, meaning shares have rallied approximately 68% since listing. The current price of $48.77 sits well above BofA's $39 target, implying over 20% downside risk and intensifying bearish sentiment. The company recently announced a $1.285 billion all-cash acquisition of Airtable, its first major deal since going public, which had previously supported bullish momentum but was insufficient to offset the investment bank's negative signal.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)