NNBR is trading 6.8% down at $3.45 on profit-taking and dilution concerns following its recent capital raise.
- The stock has been volatile surrounding a $75M PIPE priced at $3.06/share, giving back part of yesterday’s bounce driven by new robotic-surgery orders.
- Today's move appears to be a technical retracement as the market digests the impact of the PIPE, with no fresh company-specific news reported.