🔴 WRAP is trading 9% down today as profit-taking continues after ATF ruling rally

WRAP is trading at $1.51 (9% down) in pre-market, extending a pullback following its recent sharp rally triggered by a favorable ATF ruling.

• The stock recently surged after the BolaWrap 150 was formally classified as an instrument by the ATF, a milestone expected to significantly boost product adoption and sales.
• Current price weakness appears to be driven by continued profit-taking following that move, compounded by a volatile broader market backdrop.