Spotify Technology S.A. SPOT shares are trading lower, selling off from recent strength. Shares gained on Wednesday after the company announced a global, multi-year license agreement with Universal Music Group.
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners.
Spotify's stock was trading down 2.54% at $282.26 per share on Thursday at the time of publication. The company has a 52-week high of $299.67 and a 52-week low of $109.18.
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