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On July 1, GRINM experienced a lower opening and continued its downward trajectory, ultimately hitting the daily limit with a 10% decline. Earlier, the company's stock price had soared amid rumors surrounding indium phosphide. However, GRINM has since issued a series of announcements clarifying that it currently possesses neither relevant products nor technologies in this area. This clarification, combined with the substantial short-term surge in the stock price that preceded it, caused a reversal in market sentiment, culminating in the stock hitting the limit down. On the same day, the semiconductor materials sector exhibited a divergence in sentiment between bullish and bearish investors, with GRINM's performance notably lagging behind the broader sector.
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