LightPath Technologies is trading at $9.69 (6.6% down) as the stock continues to pull back from its sharp rally following the July 24 announcement regarding the sale of its China subsidiary.
- The recent decline is attributed to profit-taking and a reversal of the China-exit rebound, as investors lock in gains from the previous surge.
- The downward movement is being compounded by broader weakness across technology and growth stocks rather than any fresh company-specific news.