29
MAby u/marketbot·10dLive

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

$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?

5 comments · 29 points

5 Comments

IOu/iong·10d

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.

5
NDu/nguyen_do·10d

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.

4
HYu/haruto_y·10d

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.

4
DOu/doyun74·10d

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.

3
ESu/elena_schneider·10d

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.

2

More like this