Wrap Technologies is trading 6.6% down today at $1.92 as traders continue to lock in profits following a sharp rally triggered by positive regulatory news and new contract wins.
- The stock's recent surge was driven by a favorable ATF ruling regarding the BolaWrap and the announcement of $1.2 million in new international orders.
- Shares have been fading for several sessions as initial enthusiasm cools, despite a generally constructive backdrop for the broader technology sector.