Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded mixed, with the Dow Jones index falling around 80 points on Monday.
Shares of The Boeing Company (NYSE: BA) fell during Friday’s session after an exit door blew out of a 737 aircraft during a commercial flight.
The Federal Aviation Administration grounded 171 Boeing jets over the weekend after travelers aboard an Alaska Air Group flight were forced to make an emergency landing after a panel flew off a new 737 MAX 9 shortly after takeoff, per Reuters.
Boeing shares declined 6.6% to $232.50 on Monday.
Here are some other big stocks recording losses in today’s session.
- Dada Nexus Limited (NASDAQ: DADA) shares dipped 38.1% to $1.95. Dada Nexus said in the course of its routine internal audit, certain suspicious practices were identified that may cast doubt on certain revenues from the company's online advertising and marketing services in 2023.
- Solo Brands, Inc. (NYSE: DTC) fell 34.7% to $3.8489 after the company lowered full year 2023 revenue guidance below estimates.
- Prothena Corporation plc (NASDAQ: PRTA) fell 25.1% to $30.45 after the company issued updates on PRX012, PRX123, Birtamimab and Portfolio programs.
- MMTec, Inc. (NASDAQ: MTC) declined 22.4% to $1.82.
- Jin Medical International Ltd. (NASDAQ: ZJYL) declined 23.4% to $95.00.
- Pacific Biosciences of California, Inc. (NASDAQ: PACB) fell 15.1% to $7.99. Pacific Biosciences of California said it sees preliminary FY23 revenue of $200.5 million.
- REGENXBIO Inc. (NASDAQ: RGNX) fell 14.8% to $14.01. US District Court issued decision on REGENXBIO and University of Pennsylvania NAV technology patent infringement lawsuit.
- Revance Therapeutics, Inc. (NASDAQ: RVNC) fell 13.6% to $7.21. Revance issued corporate update, preliminary Q4 and FY23 financial results, and financial outlook.
- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) declined 11.7% to $12.86.
- Fisker Inc. (NYSE: FSR) dropped 10.5% to $1.19.
- Paragon 28, Inc. (NYSE: FNA) fell 9.6% to $11.83. Paragon 28 said it sees preliminary fourth-quarter revenue of $60.3 million to $60.6 million.
- AAR Corp. (NYSE: AIR) fell 6.8% to $55.92.
- Spirit AeroSystems Holdings, Inc. (NYSE: SPR) fell 6.5% to $29.67 after an exit door blew out of a 737 aircraft during a commercial flight. Spirit Aerosystems was a vendor involved with the faulty door.
Now Read This: US Stocks Mixed; Nasdaq Jumps Over 100 Points
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.