MRAM is trading 4.7% down at $30.21 as shares continue to slide following a critical short report from Kerrisdale Capital.
- The decline extends Tuesday's sharp sell-off triggered by Kerrisdale Capital's report, which questioned the stock's recent price surge.
- No new company-specific headlines have been released today, indicating the move is driven by ongoing negative sentiment and profit-taking.
- The stock's underperformance comes despite broader market indices trading slightly higher in today's session.