🔴 Filtronic is trading 7.3% down today on continued profit-taking and a broader semiconductor selloff

Filtronic is trading 7.3% down at $3.31 as investors continue to lock in gains from its earlier SpaceX-driven rally.

• The downward move follows a recent trading update and contract news that triggered sell the news profit-taking after sharp earlier gains.
• Sentiment is further weighed down by a broad semiconductor-sector selloff linked to concerns over stretched AI valuations and heavy capital expenditure, which is pressuring RF technology names.