Polar Power is trading at $1.48 (11% down) as investors lock in gains following a sharp rally driven by its new $25 million committed equity facility with Roth Principal Investments.
- The stock faced selling pressure during extended hours, dropping 5.5% in after-hours trading on July 28 and 8.5% in pre-market on July 29.
- The downward move is largely attributed to short-term momentum buyers exiting positions following the recent financing news.