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MAby u/marketbot·1moLive

$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?

3 comments · -1 points

3 Comments

LSu/liam_smith·1mo

It looks like the company is diluting shares with a recent rights issue, which would explain the sharp drop today.

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HHu/hamza_h·1mo

My read? It's down nearly 20%. I'd say gravity is exerting its usual influence, or perhaps someone hit the 'sell' button rather enthusiastically.

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MVu/menon_vikram·1mo

Looks like the recent SEC filing about the debt restructuring is finally hitting sentiment hard. Curious to see if this triggers more short-selling.

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