Red Cat Holdings is trading 5.17% down now at $8.80, with no reliable company-specific announcement dated August 28, 2026 identified to explain the decline.

  • Strong second-quarter revenue growth reported August 6 was the latest major company update.
  • The Steyr Motors proposal withdrawal was announced July 28; both are stale catalysts.
  • Broader markets were mixed and largely flat, so the immediate trigger remains unclear.