Why did MOGO after-market plummet?

The after-market downturn of MOGO can be attributed to the following factors:

1. **Regulatory Risks**: The potential regulatory risks associated with the company's business model and its investments in cryptocurrencies may have caused some investors to become cautious. Mogo's significant investment in Bitcoin and its involvement in the crypto sector make it susceptible to regulatory changes that could negatively impact its business.
2. **Overvaluation**: Following the announcement of the $50 million Bitcoin investment, MOGO's stock surged by 140% at the market opening. Such a significant increase can lead to a correction as the market consolidates or as investors take profits. The stock's subsequent decline of 11.28% on July 2 may be a result of investors booking profits or reassessing the stock's valuation following the initial surge.
3. **Market Volatility**: The broader market conditions and investor sentiment can also influence MOGO's stock price. For example, on July 2, the Nasdaq Composite fell by 0.8%, which could have contributed to the decline in MOGO's stock price. Additionally, the US 10-Year Treasury yield rose to around 4.27%, which could indicate increasing bond yields and potentially lead to selling pressure on high-growth stocks like MOGO.

In conclusion, the after-market downturn of MOGO is likely a result of a combination of factors including regulatory risks, overvaluation, and market volatility. Investors should monitor these factors closely and consider their impact on MOGO's stock price moving forward.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|MOGO|MOGO.O|Mogo|20250626|-0.7937|186|
|MOGO|MOGO.O|Mogo|20250627|-1.6|186|
|MOGO|MOGO.O|Mogo|20250630|2.439|186|
|MOGO|MOGO.O|Mogo|20250701|-3.9683|186|
|MOGO|MOGO.O|Mogo|20250702|112.39669421487604|186|