Babcock & Wilcox Enterprises is trading 6.4% down now at $8.80 as the stock extends its pullback following a recent multi-week rally and heightened short-seller scrutiny.
- Selling pressure remains elevated following recent disclosures of a short position by Wolfpack Research.
- Investors are engaging in profit-taking after the stock's sharp gains during a multi-week rally.
- No new company-specific news has been reported today, with the price action driven by the ongoing short-seller narrative.