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Why is Harbor Custom Development Inc (HCDI) Stock down?

20 Dec, 2023:

Shares of Harbor Custom Development Inc (HCDI) dropped by 37.62% from $0.319 to $0.199 in the trading on Wednesday, December 20, 2023. The reason why HCDI down today is due to the company's announcement of filing for Chapter 11 bankruptcy protection. This news likely led to a loss of investor confidence, resulting in a sharp decrease in the company's stock price.

real_estate_development LRE
$2.84
price down icon 11.53%
real_estate_development AXR
$20.75
price up icon 0.00%
real_estate_development FPH
$2.99
price down icon 1.64%
real_estate_development OZ
$59.95
price down icon 0.08%
real_estate_development ARL
$13.61
price down icon 1.23%
$9.78
price down icon 0.61%
Cap:     |  Volume (24h):