Motorola Solutions Inc (NYSE: MSI)
Motorola Solutions was already having a bit of a rough start to the trading session today. At the opening bell, the stock was already trading slightly in the green. From there, it started to head further down on a slow, yet steady run. However, things went from bad to worse minutes ago as the stock started to spike downward. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to MSI ahead.
What We’re Seeing From MSI
As mentioned above, Motorola Solutions was having a rough day in the market to start the session. After starting the trading session off slightly in the red, the stock continued downward on a slow, yet steady pace. Moreover, things got real bad just minutes ago when the stock started to spike further down into the abyss. At the moment (10:19), MSI is trading at $79.98 per share after a loss of $2.75 per share (3.36%) thus far today.
Why The Stock Is Falling
As is almost always the case, our partners at Trade Ideas were the first to give us the alert that MSI was making a run for the bottom. As soon as we were alerted, the CNA Finance team went to work to find what was causing the movement. In this case, it took what seemed like no time at all to dig up the story.
At the moment, it seems as though the decline on Motorola Solutions is the result of comments made by Citron. In a short note on CNBC minutes ago, Citron said that now was the time to short the stock, outlining some concerns that I’m sure they will expound upon later. The concerns were largely around how the Trump presidency will affect the company. As a result, investors are concerned, pushing the stock downward.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on MSI. In particular, we’re watching to see the details surrounding the cautious comments by Citron and how investors react as these details emerge. We’ll be watching the news closely and bringing it to you as it breaks!
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