Momentus (MNTS) Stock Pops 35% Despite Nasdaq Deficiency Notice

Whenever a company receives a deficiency notice from an exchange, investors can typically expect the stock to fall precipitously. But that’s not the case with Momentus (NASDAQ:MNTS) today. In fact, MNTS stock is moving higher on such an announcement.Currently, MNTS stock is up around 35% in afternoon trading. This move comes on news that the company revealed in an 8-K filing that it received a deficiency letter from the Nasdaq. The letter notified the company that it is not in compliance with listing rules. ...