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As of 10:33 AM EST, several stocks have showcased negative momentum in the early trading session. At the top of the chart was Pliant Therapeutics, Inc. experienced a sharp decline of 60.78%, bringing its stock price down to $3.06. However, the company’s market capitalization now stands at $474.05 million. The company has announced a pause in its pulmonary fibrosis drug following a review by independent monitors resulting in the stock’s decline.
Semtech Corporation saw a 32.78% drop in its stock price, now trading at $36.64 and its market cap currently sits at $3.16 billion. Similarly, Huachen AI Parking Management Technology Holding Co., Ltd. recorded a 24.61% decline, with its stock price falling to $3.86 while the company’s market capitalization is now $135.1 million. The organic and natural products company failed to meet its Q2 earnings expectations adding to the stock’s plunge.
The Hain Celestial Group, Inc. saw a 24.52% decrease, bringing its stock price down to $3.54 and its market cap is now $319.29 million. However in the consumer services sector, Bally’s Corporation dropped 21.11%, with its stock now at $14.39 while its market capitalization currently stands at $585.21 million.
Lastly in the health technology sector, Microbot Medical Inc. recorded a 19.61% decline, with its stock price falling to $2.05. While the company’s market capitalization is now $58.71 million. The stock has declined after the company announced $13M registered direct offering priced at-the-market under Nasdaq rules.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.