The Elmet Group Co. is trading 5.1% down today at $17.80 as the stock sees a pre-market pullback following a sharp rally driven by defense contract news.
- The prior session's gains followed news that subsidiary Elmet Technologies won a $4.3 million U.S. Department of Defense contract for molybdenum-based interceptor components.
- Analysts attribute today's decline to profit-taking and normalization as broader U.S. futures face risk-off sentiment.