Virtuix (NASDAQ:VTIX) executives outlined the company’s consumer, enterprise and defense strategy during an investor webinar, while also addressing recent volatility in the company’s share price.
Founder, CEO and Chairman Jan Goetgeluk said the stock’s recent decline was “gut-wrenching,” noting that the shares fell about 50% “on no news” over a one-week period. He said Virtuix had seen increased trading activity after Zacks included the company in a portfolio of “10 stocks under $10,” which he said appeared to attract short interest. Goetgeluk also addressed a 10b5-1 trading plan he had established months earlier, saying it involved selling 500,000 of his 4.5 million shares and that the plan is now finished.
