🔴 Ocean Power Technologies is trading 5% down today as weaker U.S. equities pressure shares

Ocean Power Technologies is trading at $2.01, down 5.00%, amid weaker U.S. equities.

• The Nasdaq is down 1.10% and the S&P 500 is down 0.63%.
• Higher Treasury yields, renewed inflation concerns, geopolitical uncertainty, and pressure on growth-sensitive assets are weighing on sentiment.
• No fresh company-specific announcement dated September 23 was identified; the latest company release concerned September 18 Army testing.