CYPH is trading 6.5% down today at $1.08 on profit-taking and normalization following a sharp rally triggered by its Nasdaq compliance news.
- Shares jumped approximately 12.5% on May 26 after Nasdaq confirmed the company regained compliance with the $1.00 minimum bid requirement.
- Today's pullback is being exacerbated by broader weakness across the cryptocurrency sector, adding modest pressure to the stock.