Femasys Inc is trading 6.5% down at $3.91 today on profit-taking following a period of extreme price volatility.
- Shares recently spiked from $0.36 to $5.39 over a two-week stretch before the current sharp pullback.
- The move appears to be driven by speculative trading in a thinly traded name, as there are no new company-specific news or filings this morning.
- The downward move occurs while the broader market is rallying strongly.