Ocean Power Technologies is trading at $0.38, down 12.98%, as technology shares face pressure.
- XLK is down 2.18% amid AI-regulation concerns and Qualcomm’s weak outlook.
- Broader selling is evident, with the Nasdaq down 4.03% and the S&P 500 down 2.59%.
- No confirmed company-specific announcement today has been identified. Recent reporting notes a financing agreement but does not establish it as the cause of the decline.