Sidus Space Inc is trading 5.9% down today at $3.82 as the stock continues to digest a massive multi-week rally amid heavy profit-taking and dilution concerns.
- The stock recently surged hundreds of percent following a significant defense contract win and momentum related to its inclusion in the Russell index.
- Shares are facing downward pressure after the company announced a $100 million equity raise, sparking fears of shareholder dilution.
- Today's pullback is further exacerbated by a weak broader technology tape as the market cools off from recent highs.