SunEdison Sinks On SEC Probe Of Liquidity Disclosures

SunEdison Inc.

shares are trading lower by $0.71 or 65 percent at $0.55 in Tuesday's session. The catalyst for the sharp decline is the announcement the SEC is probing liquidity disclosures made by the company. The news has taken the issue under $1 for the first time ever. After ending Monday's session at $1.26, it gapped lower off the open and peeked $0.03 off its opening print at $.89 and continued to move lower. At this time, it is attempting to find support at $0.50 and mount a rally, but is struggling to get above $0.60.