Why Wrap Technologies Stock Dropped 12% This Morning

The stock of Wrap Technologies (NASDAQ: WRTC) is on a tear. In a time of nationwide demonstrations, and sporadic riots growing out of them, resulting in mass police response, this isn't surprising since Wrap has developed a restraint system for law enforcement.

But the amount of momentum this stock has achieved certainly is a surprise. In the six trading days from the release of the video of George Floyd being killed while in police custody, to the close of trading on Tuesday, Wrap Technologies stock has doubled.

But it's falling today, down more than 12% in early trading and still down 7.1% as of 12:45 p.m. EDT.

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Source Fool.com