On June 8, Applied Aerospace & Defense rose 8.04% in regular trading, trading at $18.905/share, with trading volume of $15.09 million.
The stock is recovering from a steep post-IPO selloff. The company completed its initial public offering on June 3, pricing 32.5 million shares at $20 each on the New York Stock Exchange and raising $650 million. After opening at $20.75 on its first day, shares fell sharply in subsequent sessions, hitting a low of $17.105 on June 6 — a cumulative decline of over 14% from the IPO price. Today's rebound brings the stock back toward the $19 level, though it remains below the $20 offering price.
Market concerns have centered on the fact that private equity firm Greenbriar still holds approximately 81% of shares post-IPO, creating significant potential lock-up expiration pressure. The company, founded in 2022, provides advanced design, engineering, and vertically integrated manufacturing solutions for space and defense technology companies across three core markets: space and launch systems, defense aviation and airborne systems, and C5ISR and precision strike systems.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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