The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
After a Monday rally fueled by its inclusion in the Russell index, Velo3D (VELO) stock gave back some gains, falling 6% on Tuesday in volatile trading. According to reports, investors are weighing the company's expansion plans against short-seller fraud allegations, which have cast uncertainty over the stock.
Per market data, the stock closed at $18.40 on June 29, after hitting a high of $18.71 and a low of $16.70 during the same session. The price action follows the Monday surge from the index inclusion, but concerns over the fraud claims and the company's ability to execute its growth strategy have capped the upside.
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Sign InAt the last close of $18.40 (June 29), the stock remains in a wide trading range of $16.70–$18.71, suggesting continued volatility. Investors are watching for the company's formal response to the allegations and any index rebalancing updates, with no near-term catalysts on the calendar for VELO.