March 25, 2024 10:32 AM |
2 min read |
U.S. equities faced a challenging day as the Dow Jones index plummeted approximately 100 points on Monday.
Shares of Aehr Test Systems, ticker symbol AEHR, bore the brunt of the selling pressure after the firm released preliminary third-quarter and FY24 adjusted EPS and revenue figures that missed expectations.
Aehr declared preliminary third-quarter revenue of $7.6 million and an adjusted loss ranging between 3 cents to 4 cents per share, according to data sourced from Benzinga Pro.
Consequently, Aehr Test System shares went into a freefall, plunging by 18.1% to $12.01 on Monday.
Here is a roster of other major stocks that endured losses within today’s session:
- Vimeo, Inc., ticker symbol VMEO, witnessed a 26% drop to $3.9800.
- Invivyd, Inc., ticker symbol IVVD, stumbled by 16.7% to $3.63.
- Canopy Growth Corporation, ticker symbol CGC, tumbled 13.1% to $6.68. This downfall occurred following the German government’s approval of legislation legalizing cannabis possession and cultivation commencing April 1.
- Compass Minerals International, Inc., ticker symbol CMP, nosedived by 13.1% to $15.25. The US Forest Service suspended its contract with Compass Minerals for the 2024 Fire Season due to safety apprehensions.
- Yiren Digital Ltd., ticker symbol YRD, experienced a 12% decline to $4.46.
- Dyne Therapeutics, Inc., ticker symbol DYN, slumped 11.8% to $24.90 following an announcement of a CEO transition by the company.
- Open Lending Corporation, ticker symbol LPRO, faced a 10.3% decline to $6.41. Open Lending appointed Chuck Jehl as COO and Interim CEO.
- Sera Prognostics, Inc., ticker symbol SERA, slipped 9.3% to $9.07. The company reported weak quarterly sales last week.
- ReposiTrak, Inc., ticker symbol TRAK, fell by 9.2% to $15.58.
- Critical Metals Corp., ticker symbol CRML, saw an 8.5% dip to $12.26.
- Alvotech, ticker symbol ALVO, declined by 8.1% to $13.74. Alvotech announced an increase in the number of its own shares.
- Chewy, Inc., ticker symbol CHWY, dropped 6.7% to $15.49.
- Graphjet Technology, ticker symbol GTI, fell by 6.6% to $8.77.
- United Airlines Holdings, Inc., ticker symbol UAL, decreased by 5.4% to $43.97 after reports surfaced that the FAA mulled limiting new routes for the airline due to recent safety concerns.
- Repligen Corporation, ticker symbol RGEN, fell by 4.8% to $188.49.
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