Lightwave Logic is trading at $7.57 (-5.49%), with the decline appearing more consistent with post-earnings profit-taking than sector weakness.
- Its 5.5% decline reverses a 5.95% gain on August 12, following its August 11 second-quarter update.
- The update reported only $33,000 in revenue and a $6.6 million net loss, despite commercialization progress and nearly $96 million in cash.
- No new company-specific announcement explaining the August 13 decline was found; semiconductor stocks and major indexes are higher.