Friday, August 21, 2015

UPDATED--SolarCity Drops 10% Because... (SCTY)

...because it's SolarCity.
Or something. How the hell should I know?

Maybe people misread this Investors Daily headline from last night: 
Tesla Joins SolarCity As A Zombie Apocalypse Stock
Or maybe it's the company's cost-of-funds in a rising interest rate environment where Space-X isn't buying 80% of the debt offerings.

Who knows?
I do know SunEdison was down 10% yesterday and that actually was just because SUNE is SUNE.

$42.18, new 52 week low.

Here's the price action over the last ten months:
SCTY SolarCity Corporation daily Stock Chart