Mogo Stock Plunges 12.45% Amid Director's Share Sale

On July 3, 2025, Mogo's stock experienced a significant drop of 12.45% in pre-market trading, sparking concerns among investors about the company's future prospects.

One of the key factors contributing to the decline in Mogo's stock price is the recent announcement by Mark Waldron, a director of Vibe Growth Corporation, who filed an Early Warning Report indicating his intention to sell 250,000 common shares through the Canadian Securities Exchange. This move is expected to reduce his ownership from 18.14% to 15.83% of the outstanding shares. Waldron cited the need to reduce shareholdings and utilize proceeds for other purposes as the reasons behind the sale, which has raised questions about the company's financial health and strategic direction.

Additionally, the market has been closely watching Mogo's recent financial performance and strategic initiatives. The company's announcement of a $50 million Bitcoin treasury has been met with mixed reactions, as some investors view it as a bold move to diversify the company's assets, while others are concerned about the volatility associated with cryptocurrencies. This uncertainty has further contributed to the volatility in Mogo's stock price, as investors weigh the potential risks and rewards of the company's strategic decisions.