Smart Digital Group Under Investigation, Stock Plummets 88%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7h ago
0mins
Source: Businesswire
- Trading Halt Reason: NASDAQ temporarily halted trading of Smart Digital Group (SDM) on September 26, 2025, due to volatility, with over 270,000 orders in a single minute, approximately 30% of the average daily volume.
- Stock Price Crash: After trading resumed, SDM's stock price plummeted to $1.85 per share, an 88% drop from the previous day's closing price, indicating severe market confidence issues.
- SEC Intervention: The SEC imposed a temporary trading suspension on SDM from September 29 to October 25, 2025, due to potential manipulation through social media recommendations aimed at artificially inflating the stock's price and volume.
- Ongoing Trading Suspension: As of October 11, 2025, NASDAQ announced that trading in SDM would remain suspended pending additional information from the company, reflecting the regulatory scrutiny and depth of the investigation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
