FLNC is trading 7.2% down today at $17.89 as the stock faces pressure from a recent lock-up expiration and profit-taking following a significant AI-driven rally.
- The stock recently surged after being named a partner in the Nvidia and Siemens Vera Rubin AI factory architecture.
- The expiration of a 46-day lock-up period on June 27 has triggered concerns regarding potential insider selling and supply overhang.
- Today's decline appears to be stock-specific, as the broader market is currently trading in positive territory.