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As of 12:57 PM EST, here’s a breakdown of the biggest losing stocks during the midday trading session:
At the top of the chart was Spire Global, Inc. dropped 52.49%, trading at 9.43 USD with a market cap of 512.62 M USD. The space-to-cloud data and analytics company’s stock was declining on Wednesday after the company revealed its limited availability of capital resources and its uncertainty to continue in the long term.
Atomera Incorporated fell 38.61% to 5.31 USD, holding a market cap of 152.81 M USD. Atomera could not meet its expected Q4 earnings revenue growth, thus the stock is falling today. Similarly, KALA BIO, Inc. declined 33.00% to 7.29 USD, with a market cap of 44.4 M USD. KALA BIO has recently made changes in its top positions.
Similarweb Ltd. dropped 31.41% to 11.51 USD, with a market cap of 939.95 M USD. The company has also missed its Q4 earnings expectations resulting in the stock downward movement. However, Ming Shing Group Holdings Limited decreased by 28.85%, trading at 4.02 USD with a market cap of 51.25 M USD.
Lastly in the health technology sector, STAAR Surgical Company declined 25.18%, reaching 16.37 USD with a market cap of 806.65 M USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.