We recently published 10 Stocks Investors Are Dumping. Samsara Inc. was one of the worst performers on Tuesday.
Samsara dropped its share prices by 8.31 percent on Tuesday to close at $31.99—a near 52-week low—tracking a broader market pessimism after President Donald Trump’s announcement of fresh tariff threats on European countries.
During the session, Samsara Inc. ended the day just $0.51 shy of its 52-week low of $31.40.
Photo from Samsara website
Over the weekend, Trump announced that the US would impose as much as 10 percent tariffs on eight European countries beginning February 1 if they oppose its planned takeover of Greenland. The announcement triggered European leaders, with the European Union announcing intentions to retaliate worth $108 billion levies on American products.
The tensions largely rattled global markets, with Wall Street’s major indices finishing in a bloodbath on the same day.
In other news last week, BNP Paribas upgraded Samsara Inc.’s rating to “outperform” from “neutral” previously, alongside a $40 price target. It said that demand for Samsara Inc.’s products appeared to have stabilized after a tough first half of 2025 due to disruptions brought about by global tariffs that led to extended cycles at some of their customers.
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This article is originally published at Insider Monkey.
