Drive Shack dives to 52-week low on increased volume (NYSE:DS)

Drive Shack (NYSE:DS) shares slid towards Might lows on Monday as buying and selling quantity almost tripled typical ranges.

Shares of the Dallas-based golf-related leisure and leisure dropped by over 27% at intraday lows, touching a low of $1.31. The steep drop erased all the inventory’s modest positive aspects in 2022 and turned the year-to-date inventory pattern to an over 20% decline. Up to now yr, shares have declined about 65%.

Buying and selling quantity on the day was elevated, with over 3.1M shares altering fingers within the first 90 minutes of Monday’s buying and selling day versus a mean day by day quantity of 1.1M.

Learn extra on current insider shopping for at Drive Shack (DS -26.5%).