Dragonfly Energy is trading at $1.29 (+6.40%) as the stock rebounds during the July 30 session despite a lack of company-specific news.
- The move appears tied to broader risk-on sentiment, with technology and small-cap stocks gaining ground following strong Microsoft earnings and easing inflation data.
- The stock is seeing a recovery following a sharp two-day pullback, a move that is often amplified in thinly traded names.