🔴 ICCM is trading 5.5% down today as secondary offering pressure persists

ICCM is trading 5.5% down today at $5.63 as the stock continues to digest a steep selloff following its recent massive rally.

• Shares plunged on June 26 after the company announced a 5.5 million share secondary offering, which followed a multi-day surge of approximately 200%.
• The offering has created a significant supply overhang and triggered profit-taking pressure that continues to weigh on investor sentiment.