MNTS is trading at $7.17 (8.01% down) as the stock extends a sharp multi-day slide fueled by profit-taking and dilution concerns tied to its recent $25 million direct offering.
- The stock has faced persistent selling pressure for several sessions, including a 5.22% drop on June 24 that saw the price close at $7.80.
- Investor sentiment is being further weighed down by broader volatility in the space-stock sector and a general risk-off environment for high-beta names.