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As of 10:31 AM EST, here’s a breakdown of the biggest losing stocks in the early trading session especially in the health technology sector.
Spire Global, Inc. declined 50.98%, trading at $9.73, with a market capitalization of $512.62 million. The stock was declining on Wednesday after the company made an announcement on late Tuesday regarding a “substantial doubt” about the company’s ability to continue as a going concern for the upcoming year due to projected cash requirements,
Atomera Incorporated dropped 40.58% to $5.14, with a market valuation of $147.92 million. Atomera’s lowered Q4 earnings report resulted in the stock’s decline on Wednesday. Similarly, Similarweb Ltd. reported Q4 revenue loss due to which it fell by 36.35%, as it was priced at $10.68, with a market cap of $872.17 million.
KALA BIO, Inc. decreased 32.54%, trading at $7.34, with a market capitalization of $44.71 million. The biopharmaceutical company had announced changes in its top executives recently. However, Society Pass Incorporated was down 29.32%, priced at $4.05, with a market valuation of $14.77 million.
Lastly in the health technology services sector, STAAR Surgical Company dropped 27.86% to $15.78, with a market cap of $777.81 million.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.