Market Meltdown: Top Losers in Q3 2023

• Gamida Cell Ltd. GMDA plummeted 28.1% to $0.0427. Shockingly, Gamida Cell shares free-fell over 82% in a single day after unveiling dismal fourth-quarter results and disclosing a looming restructuring storm.
• Data Storage Corporation DTST nosedived 24% to $5.81 following a disappointing fourth-quarter report.
• urban-gro, Inc. UGRO tumbled 22.9% to $1.3992 after stumbling upon worse-than-expected financial results for the fourth quarter.
• Presto Automation Inc. PRST descended 22% to $0.1493. Presto Automation recently delved into securities purchase agreements related to the sale of 4.8 million shares, signaling a turbulent period ahead.
• Tonix Pharmaceuticals Holding Corp. TNXP sank 19.6% to $0.2629. Tonix Pharmaceuticals sprung a pricing surprise with a $4.4 million registered direct offering, leaving investors jittery.
• MillerKnoll, Inc. MLKN shares plunged 17.2% to $25.28 as the company reported distressing sales figures for its third quarter and offered a dim outlook for the fourth.
• Sezzle Inc. SEZL slid 16.6% to $77.13.
• NuCana plc NCNA dropped 16.3% to $0.2616. Amidst market turbulence, NuCana unveiled a strategic plan to implement a 1-for-25 ADS ratio change, signaling turbulent shifts.
• SOBR Safe, Inc. SOBR retreated by 13.7% to $0.4460, following a rollercoaster ride of gains and losses the day before.
• Murano Global Investments Plc MRNO slumped 13% to $12.97.
• 22nd Century Group, Inc. XXII dipped 12.5% to $ 0.1151 after unveiling a grim fourth-quarter report and announcing a stock split of 1-for-16, leaving many investors reeling.
• MicroStrategy Incorporated MSTR suffered a 10.9% decline to $1,710.01.
• Hitek Global Inc. HKIT dropped by 10.3% to $1.56, following a dramatic surge of over 22% the day prior.
• Movella Holdings Inc. MVLA retreated by 10.2% to $0.0678, after a substantial 20% dip in the previous trading session.
• Abits Group Inc. ABTS fell by 10.2% to $0.70.
• Reddit, Inc. RDDT saw a 9.4% decline to $52.32.
• Braze, Inc. BRZE dipped 9.3% to $45.90 after issuing a disappointing EPS guidance for FY25, leaving investors in a state of concern.
• The Chemours Company CC shares took a 6.2% hit, dropping to $27.09 after unveiling a lackluster fourth-quarter performance. The company also disclosed four material weaknesses in its internal control over financial reporting, sending shockwaves through the investor community.
• GCT Semiconductor Holding Inc, GCTS stumbled 5.1% to $41.77 amidst volatility following a recent business combination with Concord Acquisition Corp III and debut on the NYSE, plunging into uncertain territory.
• Carnival Corporation & plc CCL faced a 4% decline to $16.52. Carnival revealed a narrower-than-expected loss for its first quarter, offering a glimmer of hope amidst the sea of red.