🔴 SMSH.TA is trading 5.8% down today as investors lock in gains after a defense contract-driven rally

SMSH.TA is trading at $2070, down 5.8% today, as the stock undergoes a sharp pullback from recent highs following a volatile week.

• Investors appear to be locking in profits after a significant rally fueled by a string of positive defense contracts, including a follow-on U.S. Marine Corps deal and other U.S. orders.
• The downward move is further influenced by a broader risk-off tone in the markets, leading to a reversal of recent gains.