🟢 Red Cat Holdings Inc is trading 5.1% up today, rebounding after a post-contract 'sell the news' drop

Red Cat Holdings Inc is trading at $13.32, up 5.1% in pre-market action, recovering from a sharp drop on June 5.

• The recent sell-off followed a classic "sell the news" pattern after the company announced a significant U.S. Army contract win in early June.
• While the contract was positive, the lack of a disclosed monetary value led to investor uncertainty and profit-taking after the stock's recent extended rally.
• The stock had rallied more than 70% in the weeks prior to the sell-off on positive sentiment around the drone sector and new analyst coverage.