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Comtech Telecommunications Corp. (CMTL) Is Down After Review Concluded

Comtech Telecommunications Corp. (CMTL) announced after the bell Tuesday that its Board of Directors has completed a review of strategic alternatives and has decided to remain an independent company. The stock is now down 1.51 on 6K shares.

Comtech Telecommunications was range-bound throughout Tuesday's session and closed up by 0.15 at $38.95. The stock closed testing the lower end of a month-long trading range.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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