Why Shares in Evergrande Swung Violently Today
Shares of China's heavily indebted property developer Evergrande Group (OTC: EGRN.F) declined almost 5% as of 2 p.m. ET on Wednesday after opening nearly 5% up.
Image source: Getty Images.
The volatility in the stock reflects investors digesting the almost daily news flow from the company as it battles to sell assets, delay debt repayments, and come to restructuring agreements with its creditors.
Source Fool.com