Wild Ride In SunEdison Following Disappointing Q3 Report

SuneEdison Inc SUNE shares are trading lower by $1.20 at $6.20 in Tuesday's session. The Street is having a hard time deciding what to do after the company's worse-than-expected Q3 report.

After being all over the map in pre-market trading, the issue peaked off a higher open at $8.04. That was just ahead of a trio of highs in the issue earlier in this month around the $8.15 area. The ensuing decline took the issue all the way to $5.59 before rebounding back over $6. That took the issue well below its 29-month low that was made on September 29 at $6.56.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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