Group 1 - China Liberal Education (NASDAQ:CLEU) stock is experiencing a significant decline, with shares falling 45% as of Monday morning after closing down 24% on Friday [1][2] - The stock has been volatile throughout 2024, characterized by sharp declines and strong rallies, with a recent closing price of $2.18 per share and a market capitalization of $62.82 million [1][2] - The recent drop in stock price occurred without any clear news or announcements from the company or analysts, suggesting that the volatility may be linked to its penny stock status [1][2] Group 2 - On Friday, approximately 13 million shares of CLEU were traded, significantly higher than the daily average trading volume of about 1.5 million shares, indicating unusual trading activity [2] - The float of CLEU stock is reported to be 2.16 million units, which may contribute to its volatility and susceptibility to price swings [2]
Why Is China Liberal Education (CLEU) Stock Down 45% Today?