SolarCity (SCTY -4%) slumps as 61.6M shares become eligible for sale courtesy of a lockup...

|About: SolarCity Corp. (SCTY)|By:, SA News Editor

SolarCity (SCTY -4%) slumps as 61.6M shares become eligible for sale courtesy of a lockup expiration. Shares had bounced a little yesterday, but are currently down 34% from their May 20 high of $52.77 (albeit while remaining up 192% YTD), as investors booked gains ahead of the expiration.