What's Going On With Solowin Holdings Stock?

Solowin Holdings SWIN shares are falling sharply Thursday following a spike of over 135% last week. Here's a look at what's going on. 

What To Know:

The company announced its expansion into the private wealth management business under its newly formed Hong Kong subsidiary, Solomon Private Wealth Limited. 

Solowin Holdings said it expects to serve a range of high-net-worth individuals, family offices, and trusts, by offering wealth management services and solutions in traditional and virtual asset classes. 

“We are dedicated to empowering our clients and investors with a comprehensive suite of services that are designed to manage, diversify, preserve, and grow wealth with confidence. We understand the importance of capital preservation for our high-net-worth clients, so we are strategically expanding our investment into our private wealth management business to better serve the increasing demand for high-quality services we are seeing from our investors,” said Thomas Tam, CEO of Solowin Holdings. 

According to Benzinga Pro, the stock has a float of only 2 million shares. Solowin Holdings is a Cayman Islands-based holdings company which describes itself as an investor-focused, versatile securities brokerage company in Hong Kong.

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How To Buy SWIN Stock:

By now you're likely curious about how to participate in the market for Solowin Holdings SWIN – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Solowin Holdings SWIN, which is trading at $10.29 as of publishing time, $100 would buy you 9.72 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

SWIN Price Action: According to Benzinga Pro, Solowin Holdings shares are down 49.5% at $10.00 at the time of publication.

Image: Ahmad Ardity from Pixabay