LightPath Technologies is trading 10.89% down at $7.94, with broader market weakness a likely factor.
- No company-specific explanation was identified for the October 14 decline. The company announced a follow-on order on October 13, but that does not explain the drop.
- Hotter-than-expected September inflation increased rate-hike bets. Reuters reported at 10:09 a.m. ET that the Nasdaq was down 0.78% and the S&P 500 was down 0.60%, with technology shares and chips under pressure.