As of 10:30 AM EST today, several small-cap stocks recorded downward momentum in the early trading session. At the top of the chart was Enveric Biosciences, Inc. as it dropped by 47.18% to 2.06 USD, with a market capitalization of 1.43 million USD. The health technology company has recently priced a $5 million public offering leading to decline in the stock.
Benson Hill, Inc. declined 42.53% to 2.27 USD, bringing its market cap to 13.88 million USD. Similarly, Global Star Acquisition, Inc. saw a decrease of 24.14%, trading at 11.00 USD, with a market valuation of 36.24 million USD.
Foxx Development Holdings Inc. fell 19.41% to 5.15 USD, reaching a market cap of 37.5 million USD. Meanwhile in the technology services sector, Nvni Group Limited dropped 15.63% to 4.75 USD, with a market capitalization of 158.62 million USD.
Lastly, Walgreens Boots Alliance, Inc. also declined 15.49%, trading at 9.69 USD, with a market cap of 8.37 billion USD. The stock declined on Friday after the company announced that its board of directors is suspending the cash dividend historically paid to stockholders on a quarterly basis.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.