Why Society Pass Stock Was Slipping Today
Shares of Society Pass (NASDAQ: SOPA) were pulling back today after the Southeast Asian e-commerce stock went on a dramatic run last week when it was added to the Russell 2000 index, giving investors confidence in its future.
After a whopping gain of 382% last week in what appeared to be a short squeeze, the stock was trading down 13.6% as of 1:05 p.m. ET, a sign investors believe the stock was overbought last week.
Image source: Society Pass.
Source Fool.com
