🔴 Red Cat Holdings is trading 12.76% down today amid concerns over tighter defense budgets

Red Cat Holdings is trading at $3.46, down 12.76% on November 5, 2026, with the decline appearing mainly tied to concerns about Pentagon spending scrutiny and tighter defense budgets.

• Reuters reported Democrats’ midterm victory raised investor concerns about increased scrutiny of Pentagon spending plans and potentially tighter defense budgets.
• The defense-sector ETF is down 2.44% during the regular session.
• No new company-specific announcement explaining the move surfaced in the search.