Why Did SM Energy Plunge 4.31%?

Generated by AI AgentAinvest Movers Radar
Monday, Apr 7, 2025 6:58 am ET1min read

On April 7, 2025, SM Energy's stock price dropped by 4.31% in pre-market trading, marking a significant decline for the energy company.

SM Energy's recent stock performance has been influenced by several key factors. On February 28th, StockNews.com downgraded the company from a "buy" rating to a "hold" rating, which likely contributed to the downward trend in its stock price. This change in rating, along with other market dynamics, has led to a 16.7% decrease in SM Energy's stock since its last earnings report.

Additionally, the company's stock has been trading down by 15.6% in recent sessions, further highlighting the challenges it faces in the current market environment. The significant ownership by hedge funds and other institutional investors, which accounts for 94.56% of the stock, suggests that institutional sentiment may also be playing a role in the stock's performance.

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