Over the course of the past week, the Sino United Worldwide Consolidated Ltd (OTCMKTS:SUIC) stock has had a pretty poor run and it continued at the start of this week. Yesterday, the Sino United Worldwide stock tanked by as 17% and that took its losses over the course of the past week to as much as 45%.
While the stock has continued to perform poorly, it is also necessary to note that there has been no material news about the company during this period. The last major news about the company emerged many weeks ago when the company made a presentation at the Emerging Growth Conference that was held on May 26.
More importantly, it should be noted that the live webcast of the above mentioned event was also covered by major outlets like SinaNews, Yahoo News, Google News and CNNews.
That sort of coverage could also have brought the Sino United Worldwide to the attention of many investors. The even it was an important one since it is a forum in which some of the more pioneering companies which are listed in the United States come together and share ideas. It remains to be seen when the Sino United Worldwide eventually recovers.
Market Reaction:
On Monday, SUIC stock fell 16.78% to $2.45 with more than 260k shares, compared to its average volume of 203k shares. The stock has moved within a range of $2.3500 – 3.1400 after opening the trade at $2.95 Over the past 52-week, the stock has been trading within a range of $0.2200 – 20.0000.
 Stock Continues to See Sell-Off: Will it Rebound?){kind=link}