CDE is trading at $16.39 (6.2% down) as it undergoes a sharp pullback following a rally driven by its addition to the S&P MidCap 400.
- The decline follows several strong sessions of index-addition buying, suggesting investors are now taking profits after the completion of the catalyst event.
- Broader risk-off sentiment and notable weakness in crypto markets are further pressuring the stock as investors de-risk amid a generally weaker market backdrop.