FRVO is trading at $31.61 (4.10% down) after its June 22 first-quarter results and guidance update failed to sustain recent gains.
- The move follows a sharp 9.35% drop on June 23 as investors reassessed the company’s small revenue base, large losses, and stretched valuation.
- Selling pressure persists despite a strategic agreement with Google and a raised 2026 outlook, as the market re-evaluates the stock's growth trajectory.