SGOC - Why Sgoco Group Stock Is Plummeting 20% Today After an Explosive Rally
Sgoco Group (NASDAQ: SGOC) stock is plunging today, and was down 20% as of 1 p.m. EDT. Shares of the conglomerate that's primarily into money lending, property investment, and fintech services have been on a crazy wild ride in recent weeks, nearly doubling in value just yesterday .
Small-cap stocks are typically very volatile, and the volatility can spin out of control if it's a China-based stock in question, like Sgoco Group. U.S.-listed Chinese stocks have been in the news lately for all the wrong reasons, and although Sgoco Group hasn't come under the scanner of Chinese regulators whatsoever, it can't escape a broad-based move in Chinese stocks.
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Why Sgoco Group Stock Is Plummeting 20% Today After an Explosive Rally