Solar Power, Inc. (OTCMKTS:SOPW)’s Changed Direction
We can’t say that the stock of Solar Power, Inc. (OTCMKTS:SOPW) has been doing good lately. After its upward run was halted last week it has changed its general direction and we reckon that some of the people who invested in the stock aren’t happy.
Even though SOPW started off last week on a good foot the ticker quickly changed directions. The stock recorded its first session in the red for a while on Tuesday and couldn’t make up for the loss until the end of the week, despite having small gains every day.
This week started with a minimal loss of 1.53%, but the stock kept gathering momentum in a downward direction with each day, going down 7.01% on Tuesday and dropping even more value yesterday in a session that saw quite some trading.
Yesterday SOPW lost a hefty 21% of its value and closed the day at $0.28 per share. The drop caused investors to try and get out with smaller losses and a total of 1.1 million shares were traded, generating $356 thousand in trade value.
At this moment it seems that the people who managed to shed their holding yesterday got out with a scratch, because today’s session isn’t looking rosy either. Moments ago the stock was 20% down from yesterday’s price, but managed to regain some of its value and the recorded loss at this stage is 17.86%.
The stock is currently priced at $0.23 per share, but its evident that even more people are trying to get out. This is due to the fact that a total of 1.2 million shares have switched hands and by the end of the day yesterday’s volume may be dwarfed.
Having in mind that the news about the company development are virtually non-existent we reckon that SOPW might close with a higher loss today and continue its downward slide. This is the exact reason for which we would advise you to do your due diligence and weigh out the risks if you have any thoughts of investing in this particular stock.
The stock of 3D Eye Solutions, Inc. (OTCMKTS:TDEY) isn’t doing very good also. They recorded a second session in the red yesterday, with a 10% loss and seem to be headed in the same direction today.
