🔴 Red Cat Holdings is trading 5% down today after Zacks Research cut rating to Strong Sell

Red Cat Holdings is trading 5.37% lower at $4.91 after Zacks Research downgraded it from Hold to Strong Sell following a quarterly revenue miss.

• Quarterly revenue was $20.20 million, below the $22.65 million consensus estimate.
• Hotter-than-expected inflation weighed on U.S. stocks.
• Reuters reported technology and small-cap shares were pressured as rate-hike concerns increased.