Nocera is trading 9.8% down at $1.69 as investors digest a July 9 registration statement allowing a selling stockholder to resell up to 7,500,000 shares.
- The pullback follows a volatile two-day rally where the stock surged from sub-$0.10 levels to highs of $2.00 and $1.83.
- The potential for a massive share offload has raised concerns regarding equity dilution and immediate selling pressure on the stock.