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

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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.
  • Now Read This: Bitcoin, Ethereum Move Lower; Akash Network Becomes Top Loser

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