🔴 Red Cat Holdings Inc is trading 5.81% down today as China bans dual-use product exports

Red Cat Holdings Inc is trading 5.81% down at $10.78 today after China's Ministry of Commerce announced a ban on exports of dual-use products to 10 U.S. defense and technology firms, including Red Cat Holdings and its Teal Drones unit.

• This move intensifies market concerns over supply chain issues for the drone maker.
• The decline appears stock-specific, rather than market-driven, despite the company's recent introduction of the Hellcat dual-use UAS.