SunEdison Inc. SUNE shares are trading lower by $0.82 at $6.97 in Tuesday's session. The issue has been decimated since peaking on July 20 at $33.45. It did manage to revisit the $10 level after making a t two-year low on September 29 at $6.56. However, it relinquished almost all of those gains and may close under $7 for the first time since September 29, when it ended the session at $6,66. Following a lower open, it could not reclaim Monday's close ($7.79), only reaching $7.70 before swooning to $6,87 and attempting to rebound.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
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