HomeMarket NewsMicro Cap StocksWhy Connexa Sports Stock Plunged Today

Why Connexa Sports Stock Plunged Today

Actionable Trade Ideas

always free

audience 1866738 12801

Connexa Sports Technologies Inc. CNXA shares are experiencing a decline in trading today due to the company’s announcement that it has received a letter from the Nasdaq regarding the delayed filing of its quarterly report.

Background: The company received the letter on Friday, which stated that it was not in compliance with the Nasdaq’s listing requirements due to the failure to submit its Quarterly Report on Form 10-Q for the period ending July 31. Connexa Sports Technologies Inc. has until September 27 to address the issue with Nasdaq officials.

Impact on CNXA Stock: As a result of these developments, shares of CNXA plummeted by 24.6% to $3.99 as reported on Benzinga Pro.

Image by Pexels from Pixabay


Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.