🔴 FLY is trading 4.1% down today as profit-taking extends a selloff following its Space-ng acquisition

FLY is trading at $23.95 (-4.14%) as it extends a recent selloff following the announcement of its Space-ng acquisition.

• Firefly Aerospace announced it is acquiring Space-ng to integrate AI-powered vision navigation and autonomous guidance systems into its Blue Ghost and Elytra missions.
• The move follows several sharp down sessions, suggesting today's weakness reflects continued profit-taking and risk-off sentiment rather than a negative reaction to the acquisition itself.
• Broader tech sector weakness is providing additional headwinds, with the Nasdaq under significant pressure during this morning's session.