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As of 10:26 AM EST, several stocks have faced losses in early trading on Tuesday. At the top of the chart was Fluence Energy, Inc. dropped 46.44%, trading at 7.00 USD, with a market capitalization of 1.27 billion USD. The energy-storage company has reported a wider first-quarter loss and also announced a cutting of its fiscal 2025 revenue guidance, adding to the stock’s decline today.
Columbus McKinnon Corporation (CMCO) fell 42.05% to 20.56 USD, bringing its market cap to 589.88 million USD. Columbus McKinnon fell short of its Q3 earnings and revenue expectations, leading to the stock’s decline. Similarly, Oric Pharmaceuticals, Inc. (ORIC) declined 26.54%, now trading at 8.25 USD, with a market cap of 582.18 million USD.
Third Harmonic Bio, Inc. (THRD) lost 24.63%, trading at 3.50 USD, with a market capitalization of 157.93 million USD. The stock was plunging on Tuesday after it announced a 50% cut in workforce as a part of evaluation of THB335. In the industrial services sector, Ming Shing Group Holdings Limited (MSW) dropped 23.11%, trading at 4.89 USD, with a market cap of 62.35 million USD.
Lastly in the retail trade sector PetMed Express, Inc. (PETS) slid 18.79% to 4.28 USD, bringing its market value to 88.44 million USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.