TaskUS seemed to be doing well lately with increased profits and improving profit margins. They announced that they'd be taking a loan for organising debt and even provided their first dividend to shareholders. But exactly on the day of the dividend cut-off share value drops 40%. So what's the deal with this?
Could fundamentals have changed drastically in the time between public reports? Maybe some insider trading? I can't understand why investors would have wanted to exit so much especially after a dividend.