🔴 Co-Diagnostics, Inc. is trading 5.5% down today as volatility persists following S-3 resale registration

Co-Diagnostics, Inc. is trading 5.5% down at $5.88 in pre-market, extending sharp volatility following an S-3 resale registration filing.

• Shares have fluctuated significantly since late May after an effective registration for up to 4.94 million shares and warrants triggered heavy selling and a subsequent rebound.
• Today’s downward move reflects continued digestion of the share overhang and profit-taking following recent double-digit price moves.