Momentus Stock Is Falling Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Momentus Inc (NASDAQ:MNTS) shares fell significantly on Thursday after a sharp rise on Wednesday due to a NASA contract announcement. The company faces delisting risks due to non-compliance with Nasdaq's minimum bid price and filing requirements.
October 10, 2024 | 2:58 pm
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NEGATIVE IMPACT
Momentus Inc shares fell 29.3% after a 155% surge due to a NASA contract announcement. The company faces delisting risks from Nasdaq due to non-compliance with minimum bid price and filing requirements.
The stock's sharp decline follows a significant rise due to a NASA contract, highlighting volatility. Delisting risks due to non-compliance with Nasdaq's requirements add negative pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100