Digital Brands Group Inc. (NASDAQ:DBGI) Stock Takes a Hit: Slumps 28% In a Week

January 21, 2022

Digital Brands Group Inc. (NASDAQ:DBGI) is down 28% in a week after the company announced a definitive agreement to purchase ocean-inspired lifestyle women’s wear brand, Sundry. The company expects to complete the transaction in late 1H 2022upon meeting necessary closing terms and financing. Trading Data On Thursday, DBGI stock fell 1.50% to $1.31 with more than 7.97 million shares, compared to its average volume of 2.89 million shares. The stock…

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