Fort Technology Inc.
(NASDAQ:FRTT) stock declined during morning trading on Thursday.
The downward movement follows a period of extreme volatility after the company's Nasdaq debut on June 8.
The stock previously surged 77.40% from Tuesday's close of $1.77 to Wednesday's opening price of $3.14, but it has maintained downward momentum since that spike.
Read Also: Stock Market Today: Dow Jones, S&P 500, Nasdaq Futures Gain As AI Stocks Rally On Micron’s Strong Outlook—Qualcomm, Wendy's In Focus Aggressive Profit-Taking Post News The morning sell-off coincides with a classic buy-the-rumor, sell-the-news reaction.
