Why Luna Innovations Shares Are Down 45% Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
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Should l Buy ?
Source: Benzinga
Stock Suspension: Luna Innovations Inc. shares fell 45% to $1.12 after the company announced its stock will be suspended from Nasdaq due to failure to meet SEC filing deadlines, with plans to trade on the OTC Expert Market afterward.
Operational Status: Despite the delisting, Luna assures that its business operations remain unaffected, with a focus on delivering quality products and an upcoming business update planned for January regarding fiscal year 2024 results.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
