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Just noticed FORTY took a hit recently, dropping below its 200 day moving average around $135. Stock was trading down to $132.38 at one point, which is a pretty rough day for shareholders at roughly 20% down. When a stock crosses below that key moving average level, it's usually worth paying attention to.
Looking at the bigger picture, the 52 week range is sitting between $82.52 on the low end and $190.56 at the high. So $132.38 is actually closer to the middle of that range, but the fact that it's now trading below that important moving average could signal some shift in momentum. These moving average crossovers often catch traders' attention as potential support or resistance points.
Not sure what triggered the selloff today, but it's one of those moves that makes you wonder if there's more downside or if this is just a pullback. Either way, worth keeping an eye on how it holds up from here.