Intrusion shares are trading lower after HC Wainwright & Co. cut its price target on the stock from $1.5 to $1.
Portfolio Pulse from Benzinga Newsdesk
Intrusion shares fell after HC Wainwright & Co. reduced its price target from $1.5 to $1, indicating a negative outlook on the stock.
October 10, 2024 | 2:25 pm
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NEGATIVE IMPACT
Intrusion's stock price is negatively impacted as HC Wainwright & Co. lowered its price target from $1.5 to $1, suggesting a bearish outlook.
The reduction in price target by a reputable firm like HC Wainwright & Co. signals a lack of confidence in Intrusion's short-term performance, likely leading to a decrease in investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100