CISO - Cerberus Cyber Sentinel stock drops 33% after rallying 24% on Monday

Cerberus Cyber Sentinel (CISO) stock dropped 33% Thursday after rallying earlier in the week in the wake of news that it had acquired fellow cybersecurity firm Creatrix. Shares of Cerberus opened at $8.57, hitting a high of $8.77 in early trading before sliding to a low of $5.84. The stock recently changed hands at $6.16, down 33%, at approximately 12:05 p.m. ET. Cerberus shares shot up 24% to close at $9 on Monday, June 6. On June 2, Cerberus announced it had completed its acquisition of cybersecurity and compliance services provider Creatrix. Cerberus (CISO) uplisted its shares to Nasdaq on Jan.14 and held an initial public offering that raised $10M. For a more in-depth look at CISO, check out SA contributor Daniel Jones's "Cerberus Cyber Sentinel: A Fascinating Cybersecurity Prospect for Speculative Investors".

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Cerberus Cyber Sentinel stock drops 33% after rallying 24% on Monday