🔴 Bandwidth is trading 5% down today — no clear company-specific catalyst found

Bandwidth is trading 5.05% down now at $44.71, with no clear company-specific catalyst found for the September 4 move.

• The decline extends recent volatility after declines on September 2 and September 3.
• Bandwidth announced Emily Harlan’s promotion to General Counsel; the announcement does not indicate an adverse event or explain the selloff.
• Software-sector strength does not explain Bandwidth’s underperformance.