Momentus is trading 10.2% down at $2.69, with no confirmed company-specific announcement explaining the decline amid broader market pressure after hotter-than-expected September inflation data.
- September CPI accelerated to 3.7% year over year, above the 3.6% forecast, reviving concerns about interest rates staying higher for longer.
- Reuters reported U.S. stocks were headed lower after the inflation data; the industrials sector context also points to declines.
- The latest company news located was Momentus’ September 29 on-orbit demonstration with a NASA satellite.