Airgain Surrenders Early Gains After Q4 Beat

Airgain Inc AIRG shares are trading higher by $0.58 (6 percent) at $15.52 in Friday's session. After Thursday's close, the company reported a Q4 EPS beat $0.02 along with a $40 million beat for revenues.

That news instigated a much higher open, but the issue only rallied another $0.04 to $17.00 before some profit-takers came into the issue. That marks the highest level for Airgain since it put in a pair of highs just above that from February 10 ($17.25) and February 11 ($17.14).

So far, the ensuing decline has found support above Thursday's close ($14.94), only reaching $15.25. The rebound off that low has stalled at $15.71.

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