Almost 2 Years Ago
2 Min Read

Shares of SOXL are trading -7% lower today. Here's what's going on:



Shares of Semiconductor Bull 3X Direxion (SOXL) are trading -7% lower at a price of $12.995 at the time of this writing.

Semiconductor Bull 3X Direxion has been trading between a 52-week high of 74.1 and a 52-week low of 10.53. The stock has a market cap of $3.67 Billion.


Headlines


SOXL, SOXS and KOLD among 1H22 ETFs movers
Seeking Alpha 07-04-22

Plunge in Semiconductor Stocks Today Drags the SOXL ETF Down
InvestorPlace 07-01-22

Direxion Daily Semiconductor Bull 3X Shares declares distribution of $0.0188
Seeking Alpha 06-22-22

SG Americas Securities LLC Sells 935,041 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)
Transcript Daily 12-24-21

KG&L Capital Management LLC Buys Shares of 6,330 Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)
 Dakota Financial News 11-27-21

Flow Traders U.S. LLC Boosts Stock Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)
Transcript Daily 11-14-21

Flow Traders U.S. LLC Increases Position in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)
Transcript Daily 11-14-21

Thames Capital Management Llc Buys Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 5, Direxion ...
GuruFocus 11-12-21

Credit Suisse AG Boosts Holdings in Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)
 Dakota Financial News 11-06-21


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 4 upvotes - source
**Ban Bet Created:** **/u/sappus** bet **SOXL** goes from **13.91** to **16.0** before **2022-07-15 21:02:03.195971-04:00** **or i will declare bankruptcy**

sappus - 2 upvotes - source
!banbet SOXL 16 5d or I will declare bankruptcy

baaripaavo - 2 upvotes - source
Why can't smoothbrains "accumulating" SOXL just WAIT a little, until it's clear the market is going up? Instead there are folk, who have been DCA-ing since $60 or something like that and thinking they are real clever. NO no you are not clever. "Imbecile" is the word you are looking for.

njcuban123 - 2 upvotes - source
You need cast iron balls to play with SOXL these days.

_grapevan - 1 upvotes - source
MRNA 190c and SOXL 15c weeklies

Facts_About_Cats - 1 upvotes - source
The world will always need more chips, now more than ever. I bag hold SOXL

Alternative-Season45 - 1 upvotes - source
If you do put it in the market I think the smartest thing to do would be dca on indexes such as spy tqq soxl and a small amount like 5% in risky options. I’m 35 and lost 10k this year which was basically my net worth smh I manage a pizza place so you’re in a better spot than me by lucky fuck I have $200 left in my portfolio

_grapevan - 1 upvotes - source
SOXL 15c weeklies - get em while they’re hot

_grapevan - 1 upvotes - source
SOXL 16c weeklies at open

WSB_Reject_0609 - 1 upvotes - source
Soxl puts are printing hard today. Inshallah!