After shares of SunEdison Inc. (NYSE:SUNE) surged 58% to $0.58 Thursday, investors are asking us if the SUNE stock price rally will last.
Friday's action showed just how short-lived the gains were.
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SUNE Stock News
Why the SUNE Stock Price Dropped to a 20-Year Low Today
Things just keep getting worse for SunEdison as the SUNE stock price has crashed another 44% today (Tuesday) to $0.70 per share. The SUNE stock price is now down more than 64% in the last month.
This is the first time the SunEdison Inc. (NYSE: SUNE) stock price has traded below $1 since 1995. The future for the company looks bleaks, with a bankruptcy filing looking likely.
Here's why the SUNE stock price is crashing today...
Why the SunEdison Stock Price Soared 40% Today
The SunEdison stock price soared 41% to $2.68 in pre-market trading today (Tuesday) after its $2.2 billion cash and stock merger for Vivint Solar Inc. (NYSE: VSLR) fell through.
The SunEdison stock price has now climbed more than 45% in the last five trading sessions.
Here's everything you need to know about the deal...