🔴 MRAM is trading 11.4% down today on profit-taking after defense-deal surge

MRAM is trading 11.4% down today at $27.70 on profit-taking following a sharp multi-week rally driven by a major defense subcontract.

• The stock's recent gains were fueled by a $40M, 2.5-year U.S. defense subcontract and a strong Q1 earnings report released earlier this month.
• With no new company-specific headlines or analyst actions emerging on May 29, 2026, the decline appears to be driven by volatility and profit-taking rather than fresh fundamental developments.