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Dito CME shares crash on week of telco launch
Mar 10, 2021 3:00 PM PHT
Shares of Dito CME Holdings Corporation fell by 55% on Wednesday, March 10, from its all-time high last February, despite the highly anticipated commercial launch of Dito Telecommunity.
Shares of Dito CME, the most actively traded stock in recent weeks, opened at P11.38 apiece on Wednesday then fell to as low as P8.50, before closing at P9.
Dito s stock was the biggest loser on Wednesday, shedding some 25%.
The current price is less than half of the all-time high of P19 last February 23.
The stock was oversold, breaking several price supports with a trading volume of over 403 million.