There is no new catalyst: SWMR was down about 5.2% in the same selloff that followed its proposed Ratel acquisition earlier today, after falling about 6.7% in the earlier move. The Nasdaq fell sharply and the VIX jumped as Fed official Alberto Musalem called for interest rates to rise again soon. source Defense-drone peers also fell intraday, adding sector pressure.
There is no new catalyst: SWMR was down about 5.2% in the same selloff that followed its proposed Ratel acquisition earlier today, after falling about 6.7% in the earlier move. The Nasdaq fell sharply and the VIX jumped as Fed official Alberto Musalem called for interest rates to rise again soon. source Defense-drone peers also fell intraday, adding sector pressure.