ALOY is trading 7.8% down now at $13.54 as the stock sees profit-taking following a significant run-up tied to its Russell 3000 Index inclusion and recent financing.
- The stock had surged over 20% following news of its inclusion in the Russell 3000 Index and a $100 million private placement.
- Today’s decline appears to be a normalization of the share price following that rally rather than a response to a new negative catalyst.