ClearOne is trading 21.16% down at $7.08 after profit-taking following a sharp merger-driven rally.
- Shares surged 166.30% on August 6 and gained 3.78% on August 7 after shareholder approval authorized 12.5 million shares for the Cortigent transaction.
- The reversal continued after the stock fell 11.70% to $8.98 on August 10.
- The decline appears tied to momentum unwinding rather than broad-market weakness.