FreeCast Inc. (NASDAQ:CAST) stock traded lower on Wednesday, continuing a downward trend from the previous session as investors engaged in extended profit-taking following a massive rally earlier in the week.
The volatility began after the streaming technology company announced an expanded distribution agreement with DIRECTV.
Following the announcement, the stock surged 141.94% on Monday to close at $3.75. However, the momentum reversed on Tuesday morning, when the stock tumbled as traders quickly locked in gains.
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