Dragonfly Energy Holdings Corp. is trading at $1.87 (-10.09%) as the stock faces pressure from an ongoing trade libel lawsuit and a broader risk-off sentiment across the market.
- The decline coincides with a sharp downturn in the S&P 500 and NASDAQ Composite, which has disproportionately impacted speculative small-cap stocks.
- Shares have exhibited extreme volatility recently, swinging from a 10.00% drop on June 3 to a 5.05% gain on June 4 before the current retreat.