🔴 ALOY is trading 7.1% down today after its $100 million private placement and Army partnership rally

ALOY is trading at $11.31 (7.1% down) as the stock continues a multi-day pullback following its recent U.S. Army partnership announcement and $100 million private placement news.

• The stock has been sliding since late June as investors digest potential dilution from the financing round despite the positive catalysts.
• Market participants appear to be locking in gains following a strong year-to-date performance for the shares.
• The downward move suggests a period of consolidation as the market re-evaluates the company's valuation after the recent capital raise.