Relay Therapeutics Inc is trading at $12.93 (4.4% down) in after-hours trading, extending a sharp two-day slide seen during the regular session.
- The stock is moving lower alongside a broad selloff in high-growth, rate-sensitive names following a stronger-than-expected U.S. jobs report.
- Market sentiment has shifted toward expectations for further Federal Reserve tightening, with no fresh company-specific news emerging for the stock after the close.