🔴 NCRA is trading 5.5% down today as it pulls back from post-reverse-split rally and INERGX deal

NCRA is trading 5.5% down at $1.89 as the stock pulls back following a sharp post-reverse-split rally and news of a binding acquisition agreement.

• The company recently announced a deal to acquire equity in INERGX, an integrated energy storage and power platform.
• Shares experienced extreme volatility, jumping from $0.07 to $2.00 on July 7 following a 1-for-30 reverse split.
• The current decline is primarily company-specific as investors digest the INERGX deal details and recent price action.