Securitize's intraday drop on US stocks widens to 25%, halved from its listing price

Odaily News, according to MSX.COM data, Securitize (SECZ) saw its intraday drop on US stocks widen to as much as 25%, with the stock price last reported at $6.03.

It is reported that on July 2, Securitize opened at $12.45 on its first day of listing and closed at $12.30. The current stock price has been halved compared to its listing price.

This decline is mainly attributed to Securitize's weaker-than-expected Q2 earnings report. For related analysis of the report: "Securitize's first post-listing earnings report disappoints—can the 'compliant tokenization' narrative still sell?"