🔴 YY is trading 12% down today as profit-taking follows convertible-note cancellation surge

YY is trading at $1.37, down 11.61%, as continued profit-taking follows its August 26 surge.

• YY extended its decline after falling 18.85% on August 28 and 9.91% on August 27.
• The August 26 surge followed cancellation of the $5.94 million second convertible-note tranche and 11,284 warrants.
• The broader market is modestly lower; available coverage points primarily to continued profit-taking rather than a new August 31 company announcement.