ViaSat Inc is trading 4.3% down at $64.31 as the stock gives back gains following a sharp multi-day rally.
- Shares are retreating despite a firm broader tech sector, suggesting position-taking rather than a new fundamental catalyst.
- The move comes with no fresh company-specific headlines this morning, following a significant rebound in tech shares last week.
- Investors appear to be locking in profits in the highly volatile name after the recent rebound.