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Why Support.com Stock Is Crashing

TheMotleyFool

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Shares of Support.com (NASDAQ: SPRT) are getting crushed Tuesday, trading down roughly 29.5% as of 2:20 p.m. EDT. Today's massive sell-off comes on the heels of a nearly 10% decline for the company's share price in Monday's trading.

The company's pending merger with Bitcoin-mining specialist Greenidge Generation had been a component in some investors' bull thesis on the stock. However, it looks like people are selling the meme stock on recent news of the merger's authorization.

Image source: Getty Images.

Source Fool.com

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