Why Did TROOPS Plunge 29.85% After 106.15% Surge?
On July 15, 2025, TROOPSTROO-- shares plummeted by 29.85% in pre-market trading, marking a significant downturn after a period of volatility.
TROOPS, Inc. has experienced a rollercoaster ride in recent trading sessions. Following a substantial 106.15% increase on July 14, 2025, the stock price surged from $0.650 to $1.34. However, this surge was short-lived as the stock showed signs of weakness, dropping 14.55% to $1.15 in subsequent trading.
Despite reporting impressive revenue growth of 182% in the last twelve months, the company's stock has faced significant volatility. This volatility is likely due to a combination of factors, including market sentiment and investor reactions to recent developments.
TROOPS, Inc. has also been in the news for its subsidiary's plans to acquire a 49% stake in a Taiwan-based company. This strategic move could potentially impact the company's future performance and investor confidence.
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