Why MicroVision Stock Tanked This Morning
Shares of MicroVision (NASDAQ: MVIS) were tumbling this morning on no company-specific news. Investors in the company -- which makes micro displays, lidar sensors, and laser beam technology -- may be exiting the stock after the share price skyrocketed yesterday.
The tech stock had fallen by 19.5% as of 10:31 a.m. EDT on Tuesday.
It's highly unusual for a company's share price to fall so sharply without any major company-related news. But MicroVision's recent price swings have likely been fueled by investors on Reddit's WallStreetBets message board.
Source Fool.com
