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As of 12:48 PM EST, multiple stocks among several sectors have faced steep declines during the mid day trading session. At the top was Fitell Corporation as it plunged by 49.22% to $3.19, bringing its market capitalization to $126.38 million. The retail trade company recently announced $10 million registered direct offerings which led to the stock’s decline on Friday.
BILL Holdings, Inc. also saw a significant drop, falling 32.36% to $65.17, with a market cap of $6.74 billion, after it released third-quarter revenue guidance that fell short of Wall Street’s estimates. Similarly, Newell Brands Inc. declined 27.45% to $7.03, lowering its valuation to $2.92 billion.
Callan JMB Inc. tumbled by 27.22% to settle at $4.60, while its market valuation is currently unavailable. However, Prairie Operating Co. fell 25.12% to $6.47, bringing its market capitalization to $148.33 million. The company from the energy minerals sector has also announced a public offering of $200M of common stocks.
Lastly in the electronic technology sector Lantronix, Inc. dropped 23.10% to $3.23, with a market valuation of $124.26 million.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.