✉news BusinessMarkets first seen 9 h ago, last 2 h ago, peak #4
GoTo Shares Plunge After Stock Exchange Removes Price Floor
Indonesian tech group GoTo saw its shares fall sharply after the stock exchange removed the price floor that had been supporting the stock. The move freed the shares to trade down to their natural market level, triggering a steep sell-off. Investors are watching how far the stock will drop now that the exchange's support mechanism is gone, with the decline adding pressure on the loss-making company.
Why now: The removal of the exchange's price floor triggered an immediate and sharp fall in GoTo's share price.
Rank over time, top of the chart is #1. 6 snapshots from 9 h ago to 2 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/184207