American Superconductor Corporation is trading 4.1% up at $38.27, staging a recovery after losing more than 20% of its value over the past week following its late-May earnings report.
- The upward move appears to be driven by a technical rebound and short-covering as the stock stabilizes from recent heavy selling pressure.
- Broader market indices trading higher are helping to support sentiment, despite a lack of new company-specific announcements today.