Amprius Technologies Inc. is trading 7.5% down at $20.86 as the stock pulls back following a strong rally and a new analyst rating.
- On June 4, a Seeking Alpha analyst downgraded the stock from 'Buy' to 'Hold', stating its valuation now reflects a 'best-case scenario' amid rising operational risks.
- The downgrade appears to be prompting investors to lock in gains after the stock's significant run-up in late May and early June, which followed strong Q1 results and new partnership announcements.