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Sierra Wireless Stock Slips 10%

Shares of Sierra Wireless, Inc. (SWIR) are slipping over 10% on Monday morning despite no stock related news to hurt the shares.

SWIR is currently trading at $21.49, down $2.60 or 10.79%, on the Nasdaq. The stock opened its trading at $24.03 after closing last day's trading at $24.09. The stock has traded between $13.44 and $26.92 in the past 52-week period.

Sierra Wireless provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions.

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