Filtronic is trading at $3.64 (-5.78%) as the stock reverses part of its recent SpaceX-driven rally in the absence of new company catalysts.
- The downward move appears to be driven by profit-taking following significant gains tied to a prior contract announcement.
- Broader market pressure is weighing on the stock, with the Nasdaq Composite down 0.69% and the semiconductor sector falling after TSMC updated its capital spending guidance.