MRAM is trading 11.05% up at $36.03 as the stock stages a sharp relief rally following recent pressure from a short-seller report and insider selling.
- Shares are rebounding from a sell-off triggered by a Kerrisdale Capital short report and May 21 filings showing two insiders offloading shares.
- Today's price action suggests a short-covering bounce and dip-buying as broader market sentiment improves.
- The move effectively clears some of the bearish overhang created by the recent negative catalysts.