U.S. stocks traded lower, with the Dow Jones index falling over 150 points on Thursday.
Shares of Aspen Aerogels, Inc. ASPN fell sharply during Thursday’s session after the company issued a business update.
Aspen Aerogels clocked preliminary fourth-quarter revenue of $84 million. The company sees FY24 baseline revenue of $350 million with upside potential as EV production accelerates.
Aspen Aerogels shares dipped 12.2% to $12.61 on Thursday.
Here are some other big stocks recording losses in today’s session.
- Office Properties Income Trust OPI shares tumbled 36% to $3.9650 after the company reduced its quarterly dividend to $0.01 per share.
- Richardson Electronics, Ltd. RELL dipped 20.7% to $9.91 after the company posted weaker-than-expected results for its second quarter.
- C3.ai, Inc. AI fell 6.2% to $26.76.
- Hertz Global Holdings, Inc. HTZ fell 6.1% to $8.78.
- Unity Software Inc. U fell 6% to $34.90.
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