U.S. stocks traded slightly higher, with the Dow Jones index gaining over 20 points on Wednesday.
Veradigm Inc. (MDRX) shares fell sharply during Wednesday’s session.
Veradigm reported a projected FY23 revenue of $608 million to $622 million and an anticipated Non-GAAP EPS of 79 cents to 88 cents. However, instead of inspiring confidence, these figures triggered a plummet in their stock price by 11.1% to $9.56 on Wednesday.
This was not an isolated case. Numerous big stocks took a nosedive on Wednesday.
- DocGo Inc. (DCGO) shares dipped 32.9% to $3.2150.
- Aehr Test Systems (AEHR) shares declined 15.1% to $18.97 after the company lowered its full-year revenue guidance.
- GrafTech International Ltd. (EAF) shares tumbled 14.4% to $1.61.
- TG Therapeutics, Inc. (TGTX) declined 12.4% to $18.38 after the company reported preliminary BRIUMVI US net product sales for Q4 and FY23.
- Wheels Up Experience Inc. (UP) declined 12% to $4.2350.
- Monte Rosa Therapeutics, Inc. (GLUE) fell 10.2% to $6.92.
- Saratoga Investment Corp. (SAR) declined 9.1% to $23.55 following downbeat quarterly earnings.
- NovoCure Limited (NVCR) dipped 8.8% to $13.43.
- Coherus BioSciences, Inc. (CHRS) fell 8.3% to $2.73 after announcing the termination of its tigit program collaboration with Shanghai Junshi Biosciences.
- Tilray Brands, Inc. (TLRY) fell 8.1% to $1.94 after filing a prospectus supplement to register the resale of 12.4 million shares of common stock by a selling stockholder.
- Mirum Pharmaceuticals, Inc. (MIRM) fell 7.7% to $25.75.
- Sasol Limited (SSL) shares declined 6.8% to $9.08.
- Wolfspeed, Inc. (WOLF) fell 6.7% to $37.35.
- 3D Systems Corporation (DDD) fell 6.2% to $5.41.
- iRobot Corporation (IRBT) fell 6.1% to $34.81.
- Arcadium Lithium plc (ALTM) fell 6% to $6.11.
- Coinbase Global, Inc. (COIN) shares declined 4.7% to $144.85 after the SEC’s X account was compromised on Tuesday.
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