Have you ever seen items drop and rise? Here are some of the reasons :
Supply and Demand
- If I’m not wrong, if the demand is bigger than the supply then the price rises up, but if demand is lower than the supply, the price would fall
News and Announcements
- Let’s picture Pixel Worlds as our stock seller and us as the stockholders, let’s say they announced that there will be a better section where the stock would rise higher, this would cause the past stock holders to want to sell them as quickly as possible, causing the supply to be higher than the demand, causing the price to go down
Please note that i’m not a business expert so take it with a grain of salt