Red Cat Holdings is trading 6.03% down at $4.50 amid inflation-driven pressure on growth and technology stocks.
- Shares hit a reported 52-week low during October 15 trading, with 8,743,140 shares traded; Zacks Research cut its rating from Hold to Strong Sell.
- Latest reported quarterly revenue was $20.20 million, below the $22.65 million consensus estimate.
- Reuters reported further pressure on tech shares and Nasdaq futures on October 15 after hotter-than-expected U.S. inflation renewed rate-hike concerns.