Globavend is trading at $1.05, up 15.4% in after-hours trading, staging a technical rebound after a volatile regular session.
- The stock is recovering from a sharp 8.99% decline on July 29, which was triggered by profit-taking and momentum selling in a broadly weak market.
- The move appears to be a low-liquidity bounce from oversold levels, as there have been no new company-specific announcements or earnings releases reported after the close.