ONTO is trading 5.7% down at $326.00 in pre-market, retreating from a sharp rally triggered by an Oppenheimer price-target boost on June 22.
- The move appears to be a technical pullback and profit-taking following the recent surge, with no fresh company-specific news or downgrades reported overnight.
- Broader weakness in technology futures is also contributing to the downward pressure on the stock during the pre-market session.