SUMA Acquisition (SUMAR) Stock: Why It's Down Today
Updated Oct 19, 2026, 4:00 PM ET · closing price
- Closed at $0.23, -5.21% vs the prior close of $0.24.
- Volume 102 shares, 0.3x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
SUMAR slides 5.2% to $0.23. Closed at $0.23, -5.21% vs the prior close of $0.24. Day range $0.23–$0.23, opened at $0.23.
SUMAR daily analysis — what happened
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Newest first; older days stay archived below.
Oct 19, 2026 — SUMAR slides 5.2% to $0.23
- Closed at $0.23, -5.21% vs the prior close of $0.24. Day range $0.23–$0.23, opened at $0.23.
- Volume was 102 shares, 0.3x its 50-day average of 400 — lighter than usual.
- 52-week range $0.23–$0.24; today's close sits at 0% of that range, 5.2% below the 52-week high.
SUMAR bull case vs bear case (from the data)
- Insiders made 20 open-market purchases in the last 12 months.
- High volatility: average daily move of 5.2% over 20 sessions.
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
SUMAR latest news & SEC filings
Every SEC filing by or about SUMAR in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Aug 13, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Aug 13, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Aug 11, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Net income: $1.33M
Things to know before you trade SUMAR
- How much it moves: over the last 20 sessions the average daily move was 5.21% (largest 5.2%). That is a volatile stock.
- Liquidity: about 251 shares (≈$57) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $0.23 vs a range of $0.23–$0.24 (0% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 20 open-market buys, 0 sales; latest: Management Corp Suma bought 316,875 shares on Mar 12, 2026.
- Latest filings: 10-Q Aug 11, 2026; 10-Q May 14, 2026; 8-K Apr 16, 2026.
- Listing: Nasdaq · industry: Blank Checks.
SUMAR market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 19, 2026 | 0.23 | 0.23 | 0.23 | 0.23 | 102 |
| Oct 16, 2026 | 0.24 | 0.24 | 0.24 | 0.24 | 400 |
About SUMA Acquisition
SUMA Acquisition (SUMAR) is listed on the Nasdaq and classified by the SEC under “Blank Checks”. Its business address is in TORONTO. State of incorporation: Cayman Islands. Fiscal year ends December 31. SEC CIK 2105838.
SUMAR board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Audie Attar | Director | Mar 10, 2026 |
| Christopher Bradley | Director | Mar 10, 2026 |
| Bogdan Cenanovic | Director | Mar 10, 2026 |
| Edward William Fike | Director | Mar 10, 2026 |
| Lawrence Yuxuan Hu | Director | Mar 10, 2026 |
| Naseem Saloojee | See Remarks | Mar 16, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| David Michael King | Chief Financial Officer | Mar 10, 2026 |
| Naseem Saloojee | See Remarks | Mar 16, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Mar 12, 2026 | Management Corp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Management Corp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Ii Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Ii Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Naseem Saloojee | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Naseem Saloojee | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Management Corp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Management Corp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Ii Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Canada Ii Sponsor Lp Suma | Buy | 316,875 | $10.00 |
| Mar 12, 2026 | Naseem Saloojee | Buy | 316,875 | $10.00 |
SUMAR financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| No annual XBRL figures available (foreign filers often report on Form 20-F). | ||||
Latest balance sheet: total assets $175.53M, total liabilities $7.23M, cash $— (as of Jun 30, 2026).
SUMAR earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| No 8-K earnings releases in recent filings. | ||
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 19, 2026, 4:00 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.