China Targets NASDAQ: RCAT and NYSE: MP Pre-Market—But Just One Shares Drops
China’s immediate ban on dual-use exports to Red Cat Holdings (NASDAQ: RCAT) and Teal Drones triggered a pre-market drop of 0.79% to $11.35 on thin volume, as investors reacted to supply-chain risk, while MP Materials (NYSE: MP) rose 1.02% after confirming minimal China exposure; the market is repricing based on each company’s actual reliance on Chinese-origin components.