🔴 Ocean Power Technologies is trading 6.5% down with no clear new company-specific catalyst

Ocean Power Technologies is trading 6.5% lower at $0.67; no clear new company-specific catalyst explains the decline. - It closed at $0.72 on October 13, after falling 17.91% on October 12. - On October 12, its PowerBuoy Mini was selected for a U.S. Government operational exercise; this was not a contract award or procurement decision. - U.S. markets were lower after hotter-than-expected inflation, but that does not establish the cause of the stock’s move.