Swarmer, Inc is trading 14.2% down at $67.38 today, giving back a portion of its recent media-fueled gains.
- The stock surged 30β40% on June 2 after Jim Cramer highlighted it as a top drone play on CNBC, sparking excitement over small defense contracts.
- The rally occurred despite the company reporting only ~$20,000 in Q1 2026 revenue and widening losses.
- With no new company news reported on June 3, the current decline appears to be driven by profit-taking and volatility following yesterdayβs significant spike.