ATCO - Why New Fortress Energy Atlas Corp and iQIYI Stocks All Crashed Wednesday
Shares of New Fortress Energy (NASDAQ: NFE) plummeted 10.8% as of 11:50 a.m. EST Wednesday, falling alongside shares of Atlas Corp (NYSE: ATCO) , down 12.2%, and iQIYI (NASDAQ: IQ) , with the worst performance of all at a 14.8% decline. Now what do a natural gas infrastructure company, a containership manager, and a Chinese video streamer have in common, you may ask?
They're all taking out loans today -- and one of them is also selling shares.
Image source: Getty Images.
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Why New Fortress Energy, Atlas Corp, and iQIYI Stocks All Crashed Wednesday