Stock market news: Flywire -40.98%, Grocery Outlet Holding -28.40% among biggest losers during midday trading

After announcing a 10% workforce cut, Flywire Corporation – Voting has dropped by −40.98% to 10.41 USD, with a market capitalization of 1.3B USD. 

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As of 12:47 PM EST, several small-cap stocks across different sectors have experienced percentage decline during the midday trading session. After announcing a 10% workforce cut, Flywire Corporation – Voting has dropped by −40.98% to 10.41 USD, with a market capitalization of 1.3B USD

Grocery Outlet Holding Corp. followed with a decline of −28.40%, trading at 11.27 USD, bringing its market cap to 1.09B USD. Faruqi & Faruqi, LLP, is currently investigating potential claims against Grocery Outlet Holding Corp. on behalf of its investors. Similarly, Zevia PBC fell −26.23% to 2.40 USD, with a market cap of 175.6M USD, after its fourth-quarter and full year 2024 results came out.

In the retail trade sector, The ODP Corporation slid −25.74%, trading at 14.25 USD, with a market capitalization of 429.18M USD. Co has reported a decline in its revenue and earnings in the fourth-quarter, resulting in the stock’s decline. However, after the release of its Q4 earnings, OraSure Technologies, Inc. recorded a loss of −25.50%, trading at 2.98 USD, with a market cap of 222.29M USD

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Lastly in the technology services sector, ZipRecruiter, Inc. declined −19.99%, closing at 5.39 USD, with a market capitalization of 526.13M USD.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.