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Satyam stock listed on NYSE crashed, it opened with $6 from previous close of $12 and curretly trading near 5.3 (-58%) down
Reasons for stock to collapse.
With the news of Satyam acquiring Maytas firm at price of 475rs , its very much obvious with such news investors would be disappointed, as real estate sector is under performing and Satyam showing big moves to buy out this company , it would be interesting to wait for the comments of Satyam’s CEO in case if any clarification comes. Also it has fallen with high volumes, spikes of about 400k volume hits.
