MOD is trading 4.8% down at $224.40 in after-hours trading following a sharp multi-day pullback driven by profit-taking and a valuation reset after a strong rally.
- The stock's recent surge was sparked by a long-term capacity agreement to supply cooling solutions to a major data center customer.
- Investors appear to be reassessing the company's current valuation to determine how much of the data center deal's upside is already priced in.