$LAB Crashed From $24 to $1.4 — What a Massive Collapse
$LAB has been one of the biggest disappointments in the market. The price has fallen from nearly $24 to around $1.4, wiping out almost all of its value.
When the short idea was shared around $16, the downside continued exactly as expected, with the price dropping nearly 12x from that level.
At the moment, the chart still looks weak and sellers remain in control. Unless the market starts showing real buying strength, any bounce could end up being temporary before another move lower.
