SVM Declines 33.4% in a Month: How Should You Play the Stock Now?
Silvercorp Metals(SVM) ZACKS·2024-11-29 02:31
Silvercorp Metals (SVM) had a challenging month, plunging 34.7%, significantly underperforming the industry’s decline of 6.2%. Meanwhile, the Zacks Basic Materials sector has slipped 3.4%, while the S&P 500 has risen 3.3%.The SVM stock first witnessed a 10% fall in a day following SVM’s second-quarter fiscal 2025 results on Nov. 7. This also coincided with the Fed announcing a rate cut that weighed on commodity prices. Disappointing stimulus measures from China might also have affected the stock’s performan ...