Spirit Airlines Posts Weak Results, Joins Integra LifeSciences, Bowlero And Other Big Stocks Moving Lower On Monday

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.

Shares of Spirit Airlines, Inc. SAVE fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45).

Spirit Airlines shares dipped 9.8% to $3.3450 on Monday.

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

• EyePoint Pharmaceuticals, Inc. EYPT shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.
• Integra LifeSciences Holdings Corporation IART shares tumbled 17.8% to $23.76 following weak second-quarter EPS guidance.
• Bowlero Corp. BOWL declined 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.
• Braskem S.A. BAK shares dipped 15.5% to $7.63 in pre-market trading after shareholder Novonor said Adnoc has no interest in continuing the process on a potential transaction.
• GameStop Corp. GME declined 15.2% to $13.97 after the stock rose more than 40% last week.
• Uniti Group Inc. UNIT declined 11.5% to $3.9489 after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries.
• TreeHouse Foods, Inc. THS tumbled 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.
• Jasper Therapeutics, Inc. JSPR dipped 9.2% to $22.28. HC Wainwright & Co. analyst Emily Bodnar initiated coverage on Jasper Therapeutics with a Buy rating and announced a price target of $65.
• Critical Metals Corp. CRML declined 7.9% to $9.18.
• Medical Properties Trust, Inc. MPW declined 8% to $4.48 after tenant Steward Health Care reportedly filed for bankruptcy protection.
• Tyson Foods, Inc. TSN fell 7.8% to $57.18 following weak quarterly sales.
Allego N.V. ALLG declined 7.8% to $1.1799.
• CureVac N.V. CVAC fell 7.1% to $2.9080.
• Titan International, Inc. TWI declined 6.7% to $9.36.
• Geron Corporation GERN fell 3.8% to $3.78.
• Amgen Inc. AMGN fell 3.8% to $299.53.

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