As of 1:12 PM EST, the following companies experienced stock price declines during the midday trading session:
At the top of the chart was Allurion Technologies, Inc. dropped 31.00% to 3.85 USD, with a market cap of 18.45 M USD. Allurion Technologies’ stock was plunging after the company said Wednesday that it expects to raise around $6.1 million from a registered direct share offering to institutional investors.
Bumble Inc. (BMBL) fell 28.09% to 5.83 USD, holding a market cap of 630.16 M USD. Bumble missed out on its quarterly earnings estimates resulting in the stock’s plunge. SImilarly, Mullen Automotive, Inc. (MULN) declined 27.88%, trading at 7.14 USD, with a market cap of 7.73 M USD.
Society Pass Incorporated (SOPA) fell 27.53% to 2.21 USD, with a market cap of 8.22 M USD. However in the retail trade sector, Tandy Leather Factory, Inc. (TLF) dropped 26.75%, trading at 3.97 USD, with a market cap of 33.44 M USD.
Finally in the process industries sector, Celanese Corporation (CE) declined 23.53% to 53.46 USD, with a market cap of 5.84 B USD, after the company failed to meet its Q4 revenue estimates.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.
