Enovix is trading 5.18% down at $2.38, as hotter-than-expected September CPI renewed rate-hike concerns and weighed on technology shares.
- Preliminary third-quarter revenue was $11 million, beating guidance.
- A newly announced 100,000-unit drone battery order lifted shares 10.4% in premarket trading, but that strength has since reversed.
- Available reporting does not establish a separate company-specific negative catalyst.