🔴 MRAM is trading 12.9% down today on profit-taking after a defense-deal and earnings-driven rally

MRAM is trading 12.9% down today at $27.23 as investors lock in gains following a sharp multi-week rally.

• The recent surge was fueled by a $40 million U.S. defense subcontract and a stronger-than-expected Q1 earnings report.
• The pullback appears to be driven by technical profit-taking rather than any new negative company-specific developments.