
Advertisement
As of 10:26 AM EST, several stocks experienced sharp declines on the first day of trading in February. At the top of the chart was Annovis Bio, Inc. as it dropped by 30.39%, trading at 3.39 USD, with a market capitalization of 46.77 million USD. The stock plunged on Monday after it announced a pricing of a $21 Million public offering.
In the commercial services sector, NAPCO Security Technologies, Inc. fell 25.50% to 27.34 USD, with a market cap of 1 billion USD. The stock was down on Monday after the release of Q2 earnings which reported a fall of $0.28 per diluted share, down from $0.34 a year earlier. Similarly, Owens & Minor, Inc. declined 23.34%, trading at 10.92 USD, with a market cap of 841.72 million USD.
Signing Day Sports, Inc. lost 21.16%, now at 2.98 USD, with a market cap of 2.31 million USD. However in the distribution services sector, Foxx Development Holdings Inc. dropped 19.87%, trading at 5.00 USD, with a market cap of 36.4 million USD.
Finally, Focus Universal Inc. saw a 15.68% decline, reaching 5.14 USD, with a market capitalization of 38.01 million USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.