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

Author: Avi Kapoor | May 06, 2024 01:05pm

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

Shares of Spirit Airlines, Inc. (NYSE: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. (NASDAQ: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 (NASDAQ:IART) shares tumbled 17.8% to $23.76 following weak second-quarter EPS guidance.
• Bowlero Corp. (NYSE:BOWL) declined 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.
• Braskem S.A. (NYSE: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. (NYSE:GME) declined 15.2% to $13.97 after the stock rose more than 40% last week.
• Uniti Group Inc. (NASDAQ: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. (NYSE:THS) tumbled 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.
• Jasper Therapeutics, Inc. (NASDAQ: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. (NASDAQ:CRML) declined 7.9% to $9.18.
• Medical Properties Trust, Inc. (NYSE:MPW) declined 8% to $4.48 after tenant Steward Health Care reportedly filed for bankruptcy protection.
• Tyson Foods, Inc. (NYSE:TSN) fell 7.8% to $57.18 following weak quarterly sales.
• Allego N.V. (NASDAQ:ALLG) declined 7.8% to $1.1799.
• CureVac N.V. (NASDAQ:CVAC) fell 7.1% to $2.9080.
• Titan International, Inc. (NYSE:TWI) declined 6.7% to $9.36.
• Geron Corporation (NASDAQ:GERN) fell 3.8% to $3.78.
• Amgen Inc. (NASDAQ:AMGN) fell 3.8% to $299.53.

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Posted In: ALLG AMGN BAK BOWL CRML CVAC EYPT GERN GME IART JSPR MPW SAVE THS TSN TWI UNIT