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As of 10:38 AM EST today, several stocks showcased downward momentum as trading began on Thursday. At the top of the chart was Aclarion, Inc. which traded at 9.67 USD, dropping 99.69%, with a market cap of 1.22M USD.
Crown Electrokinetics Corp. fell 99.52% to 6.63 USD, valuing the company at 14.1M USD. Similarly, CARGO Therapeutics, Inc. declined 76.61% to 3.09 USD, bringing its market capitalization to 607.11M USD. The health technology company’s stock declined after it announced the discontinuation of a phase 2 study of firicabtagene autoleucel, or firi-cel, for patients with large B-cell lymphoma and will also downsize its workforce by 50%.
Ironwood Pharmaceuticals, Inc. stood at 2.42 USD, down 35.08%, with a market cap of 386.47M USD. Ironwood’s stock plunged after it announced a reduction in its workforce by 50% to cope up with ongoing pricing pressures. However, Inhibikase Therapeutics, Inc. traded at 2.06 USD, losing 26.43%, valuing the company at 142.89M USD.
Lastly, Signing Day Sports, Inc. fell 21.66% to 3.40 USD, bringing its valuation to 2.63M USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.