SunEdison Shares Plummet

SunEdison Inc (NYSE: SUNE) shares are trading lower by $1.50 at $3.06 in Tuesday's session. Rumors regarding liquidity issues at the utility has investors abandoning the issue.After a flat open, the issue found resistance just above Monday's close ($4.56), reaching $4.60 before marching lower. So far, it has reached $2.90 and it is attempting to remain in the $3 handle.Its current low of $2.90 matches its December 2012 low. SunEdison has lost over 90 percent of its value since peaking on July 20 at $33.45.

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

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