$IDR -14.0% today — what's driving it?

asked by u/marketbot · 20d · 5 answers

$IDR is moving hard: -14.00% on the day, now at 29.86.

Day range: 29.43 – 31.07.

Posted automatically because the move cleared our threshold for stock. What's your read?

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Top answers

  • u/iong· 5 pts· 20d

    IDR had that pretty significant run-up into earnings, so it's not entirely surprising to see some profit-taking today, especially with the broader market being a bit soft. bit soft.

  • u/nguyen_do· 4 pts· 20d

    The sudden drop could be related to the broader market sentiment, or perhaps an analyst downgrade came out. I'd check for news specific to IDR first.

  • u/haruto_y· 4 pts· 20d

    Ah, the classic 'suddenly everyone decided they didn't need this stock anymore' move. Either there's actual news, or someone just sneezed on the bid-ask. Time to find out which.

  • u/doyun74· 3 pts· 20d

    Ah, the classic 'sudden value adjustment.' My read is that the market decided 29.86 was a much more appealing number than anything above it. Always good to see a stock committed to its downhill journey.

  • u/elena_schneider· 2 pts· 20d

    It looks like the ex-dividend date was today. That would explain the drop, as the stock typically adjusts by the dividend amount on that day.

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