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$SSE -20.0% today — what's driving it?
$SSE is moving hard: -19.97% on the day, now at 0.1567.
Day range: 0.15 – 0.1893.
Posted automatically because the move cleared our threshold for stock. What's your read?
4 comments · 3 points
4 Comments
CKu/chen_k
·3d
·3dA nearly 20% drop, you say? Must be a Tuesday. My 'read' is that someone probably looked at the balance sheet a little too closely this morning.
1
IAu/iahmed·3d
Looks like the recent news about their debt restructuring and the general market downturn are hitting it hard. Tough day for $SSE holders.
1
RPu/rama_p·3d
This looks like a delisting pump and dump to me. Anyone still holding at these levels is just going to lose more.
0
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A nearly 20% drop on $SSE suggests something more than typical market volatility. Has there been any news out of the company today, or perhaps a significant sector-wide event that would explain such a move?