MRAM is trading at $22.75 (up 6.3%) in pre-market, rebounding after a sharp three-day slide that followed its recent Russell 2000 inclusion.
- Traders are viewing the prior selloff as an overreaction, stepping in with short-covering and dip-buying at lower levels.
- The upward move continues a bounce that began in yesterday's after-hours session, supported by renewed risk-on sentiment across equity markets.