🔴 Globavend is trading 5.4% down today as profit-taking continues after late-July rally

Globavend is trading at $0.95 (-5.43%) in pre-market as the stock undergoes residual consolidation following a significant rally in late July.

• The downward move follows a weak close on July 31, with no fresh company-specific news or catalysts identified to drive the current price action.
• The stock-specific selling pressure stands out against a backdrop of higher U.S. equity futures, suggesting the decline is driven by internal profit-taking rather than broader market sentiment.