Why did raya drop over night

The stock price of RAYA experienced a decrease of 3.35% on July 23, 2025. The decline in Erayak Power Solution Group Inc. (RAYA) stock price can be attributed to the following factors: 1. **Supply Chain Issues**: On July 21, 2025, the stock plummeted by 94.77% in late trade, largely due to supply chain issues. This indicates that disruptions in the company's supply chain could have led to a significant drop in its stock price. 2. **Market Volatility**: The stock market can be volatile, and factors such as trade policy uncertainties, tariff rates, and geopolitical issues can impact stock prices. On July 23, 2025, Wall Street closed mixed as market participants weighed uncertainties related to tariff rates and trade policies. It is possible that RAYA was affected by this broader market volatility. In conclusion, the drop in RAYA's stock price can be attributed to a combination of supply chain issues and market volatility. Investors should monitor these factors for any signs of improvement or further declines. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |RAYA|RAYA.O|Erayak Power|20250723|-3.3495|186|