🔴 TEAM is trading 3.8% down today following Nasdaq-100 removal announcement

TEAM is trading at $56.70 (-3.82%) following the announcement that the stock will be removed from the Nasdaq-100 index.

• The ejection was triggered by the stock's weighting falling below 0.1% for two consecutive months, a result of a 50% price decline over the period.
• Analysts view the removal as a major negative catalyst that is amplifying selling pressure, even as the broader Nasdaq index rose 0.62%.
• The formal announcement on April 10 follows a previous close of $58.96, marking a significant downturn for the enterprise software firm.