Aehr Test Systems Reports Preliminary Results, Joins Dyne Therapeutics, United Airlines And Other Big Stocks Moving Lower On Monday

Author: Avi Kapoor | March 25, 2024 10:32am

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Monday.

Shares of Aehr Test Systems (NASDAQ:AEHR) fell sharply during Monday’s session after the company reported preliminary third-quarter and FY24 adjusted EPS and revenue results below estimates.

Aehr reported preliminary third-quarter revenue of $7.6 million and adjusted loss of 3 cents to 4 cents per share, according to data from Benzinga Pro.

Aehr Test System shares tumbled 18.1% to $12.01 on Monday.

Here are some other big stocks recording losses in today’s session.

• Vimeo, Inc. (NASDAQ:VMEO) shares declined 26% to $3.9800.
• Invivyd, Inc. (NASDAQ:IVVD) fell 16.7% to $3.63.
• Canopy Growth Corporation (NASDAQ:CGC) declined 13.1% to $6.68. The German government recently approved legislation which legalizes the possession and cultivation of cannabis beginning April 1.
• Compass Minerals International, Inc. (NYSE:CMP) fell 13.1% to $15.25. The US Forest Service halted contract with Compass Minerals for 2024 Fire Season due to safety concerns.
• Yiren Digital Ltd. (NYSE:YRD) dipped 12% to $4.46.
• Dyne Therapeutics, Inc. (NASDAQ:DYN) tumbled 11.8% to $24.90 after the company announced a CEO transition.
• Open Lending Corporation (NASDAQ:LPRO) shares declined 10.3% to $6.41. Open Lending named Chuck Jehl as COO and Interim CEO.
• Sera Prognostics, Inc. (NASDAQ:SERA) fell 9.3% to $9.07. The company, last week, posted weak quarterly sales.
• ReposiTrak, Inc. (NYSE:TRAK) fell 9.2% to $15.58.
• Critical Metals Corp. (NASDAQ:CRML) dipped 8.5% to $12.26.
• Alvotech (NASDAQ:ALVO) declined 8.1% to $13.74. Alvotech announced an increase in number of own shares.
• Chewy, Inc. (NYSE:CHWY) fell 6.7% to $15.49.
• Graphjet Technology (NASDAQ:GTI) fell 6.6% to $8.77.
• United Airlines Holdings, Inc. (NASDAQ:UAL) declined 5.4% to $43.97 after the FAA reportedly weighed curbing new routes for the airline amid recent safety issues.
• Repligen Corporation (NASDAQ:RGEN) fell 4.8% to $188.49.

 

Now Read This: Cramer Isn't 'Knocking' This Pharma Firm Anymore: 'As A Matter Of Fact, I'm Going In'

Posted In: AEHR ALVO CGC CHWY CMP CRML DYN GTI IVVD LPRO RGEN SERA TRAK UAL VMEO YRD