🟢 Powell Industries is trading 4.6% up today amid a sharp rebound from its recent selloff

Powell Industries is trading at $219.01 (+4.64%) in pre-market as the stock continues to recover from a sharp selloff on July 30.

• The move appears to be a continuation of a recent bounce; shares previously surged 11.1% to $207.15 on July 30 despite a lack of fresh company-specific news.
• Broader market sentiment is providing a tailwind for the stock, with U.S. equity futures trading higher and the Nasdaq gaining overnight.