Coeur Mining Inc is trading 4% down today at $15.45 as the stock continues to retreat following a sharp rally triggered by news of Goldman Sachs significantly increasing its position.
- Recent filings revealed that Goldman Sachs boosted its stake in the company by 92.6%, driving a strong run-up that has since faced heavy profit-taking, including notable declines on June 5 and June 9.
- The downward move is being exacerbated by a broader risk-off session across global markets, with major U.S. equity indices and cryptocurrencies both trading lower.