Innoviz Technologies is trading 5% down now at $0.33 as broader risk sentiment deteriorates following hotter-than-expected August producer inflation and renewed concerns about interest rates.
- Semiconductor stocks are also under pressure, with SOXX down 2.63% during regular trading.
- Investors may be weighing the September 16 shareholder vote on a potential 1-for-5 to 1-for-20 reverse split; no clear company-specific announcement was identified for September 10.