🔴 York Space Systems is trading 4.5% down today after Raymond James downgrade and IPO lock-up expiration

York Space Systems is trading at $17.00 (-4.55%) today, driven by:

• Raymond James downgrading the stock to Market Perform from Outperform on concerns about aggressive consensus forecasts and delays in U.S. Space Force procurement timelines.
• Continued selling pressure following the expiration of its 180-day IPO lock-up period on July 28th, which allows insiders to sell shares.
• The stock previously experienced a sharp pullback on July 28th after surging on July 27th.