RKTO’s Friday Drop Came After Big Gains for Hoth Therapeutics Traders
Rocket One Inc., which used to be called Hoth Therapeutics, dropped 14.1% to close at $1.46 on Friday. Shares slipped further to $1.384 after the bell, according to StockAnalysis. The stock pulled back after its rapid jump tied to a move from biotech into AI and space. That’s important now since the HOTH ticker isn’t trading anymore. A filing showed the legal name became Rocket One Inc. as of May 26. Nasdaq switched the ticker to RKTO on May 28. Shareholder rights and the CUSIP number stayed the same.