BRUN is trading 5.1% down at $32.66 as investors lock in profits following a sharp multi-week run-up and yesterday's gains driven by a new analyst rating.
- The pullback follows a rally sparked by BTIG initiating coverage with a Buy rating and a $45 price target.
- Downward pressure is being exacerbated by a 1–2% decline in Bitcoin and Ethereum, which is weighing on crypto-related equities.
- Broader weakness across the technology sector is adding further intraday pressure to the stock.