A Swing and a Miss: Sacks Parente Golf, LumiraDx Limited and More Struggle Heading Into Tuesday

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As U.S. stock futures meander aimlessly this Tuesday, the spotlight falls on a few struggling stocks, namely:

Sacks Parente Golf, Inc.

SPGC finds itself reeling from the sudden resignation of its Chief Executive Officer, Tim Triplett, who will depart with immediate effect. As the reins are handed over to Greg Campbell, the market reaction is swift and brutal, with Sacks Parente Golf shares stumbling by 3.9% to a dismal $0.6601 in after-hours trading.

LumiraDx Limited

LMDX, after agreeing to unload its point-of-care technology platform to Roche, is seeing its shares plummet by a daunting 19.4% to a paltry $0.0507 in after-hours trading.

Palisade Bio, Inc.

PALI bringing in some relief amidst the sea of losses, filed for an offering of shares of common stock. As a result, Palisade Bio shares managed to eke out a 1.1% gain, reaching $0.5965 in the after-hours trading session.

Meiwu Technology Co., Limited

WNW is generating some buzz, with total revenues surging by an astonishing 816.90% year-over-year to $10.68 million in the first half of the fiscal year 2023. As if that weren’t enough cause for celebration, the company has managed to curb its net loss, which decreased by a formidable 94.96% to $0.28 million from the year-ago period. The market responded favorably with Meiwu Technology shares gaining a robust 5.9% and resting at $3.58 in after-hours trading.

Cal-Maine Foods, Inc.

CALMβ€˜s plans to acquire shuttered broiler processing assets in Dexter, Missouri from Tyson Foods have unfortunately been met with a worrisome 1.5% drop in Cal-Maine Foods shares, settling at $56.51 in the after-hours trading session.

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