WISCONSIN (CoinChapter.com) — The S&P 500 dropped 0.1% as the blue-chip Dow Jones Industrial Average remained below the flat line. The NASDAQ Composite dropped 0.4% after losing more than 1% for two straight sessions.
Here are the five stock market losers:
Creative Realities Inc. (NASDAQ: CREX)
Shares of Creative Realities Inc. (NASDAQ: CREX) experienced a significant decline, shedding 36.45% after the pricing of its public offering was set at $2 per share. This saw the Louisville, Kentucky-based digital marketing firm’s stock fall to $2 in premarket trading, starkly contrasting their 72% year-to-date gain recorded at Wednesday’s market close.
Creative Realities announced its plan to offer 3 million shares at this price point, with expected proceeds of $6 million.
Tremor International Ltd. (NASDAQ: TRMR)
Tremor International Ltd. (NASDAQ: TRMR) reported its financial results for the three and six months ending June 30, 2023. Although the figures were respectable, shareholders sold off nearly 30% of the stock today.
Highlights of the financial release included the Q2 2023 Contribution ex-TAC, which was $80.2 million, up from $70.8 million in Q2 2022, marking a year-over-year increase of 13%. Meanwhile, the H1 2023 Contribution ex-TAC reached $147.1 million, a 4% increase from $141.8 million in H1 2022.
Check-Cap Ltd. (NASDAQ: CHEK)
After Check-Cap Ltd. (NASDAQ: CHEK) announced a definitive Business Combination Agreement with Keystone Dental Holdings Inc., shareholders sold. This Keystone Dental Holdings and Check-Cap deal is set to reshape the dental industry landscape, with Keystone Dental’s stockholders becoming majority holders of the newly formed entity.
Upon completion, this combined public company will be based in Irvine, CA, focusing on driving commercial execution and market development. It will capitalize on Keystone Dental’s extensive portfolio of implants, arches, and other tooth replacement solutions. Investors sold out of caution until the company reports future earnings.
Natural Alternatives International Inc. (NASDAQ: NAII)
Natural Alternatives International Inc. (NASDAQ: NAII), a premier formulator, manufacturer, and marketer of customized nutritional supplements, has announced a temporary shutdown of its recently opened facility in Carlsbad, California.
The facility, primarily opened to boost NAI’s production capacity and incorporate high-speed powder blending and packaging into its manufacturing capabilities, is temporarily halting operations. This decision came in response to one of its significant customers’ attempts to recalibrate supply and demand, resulting in a temporary cessation of purchases from Natural Alternatives.
Hawaiian Electric Industries Inc. (NYSE: HE)
Hawaiian Electric Industries Inc. (NYSE: HE) shares took a severe hit this week, with the company’s stock plummeting more than 20% on Thursday. The largest power provider in Hawaii is reportedly considering restructuring as it confronts a barrage of high-priced lawsuits.
These legal disputes stem from allegations that the company’s role contributed to the catastrophic wildfires in Maui.
The Hawaiian Electric stock has plunged more than 73% this year. The stock’s decline reached a 13-year low on Monday following the filing of a class action lawsuit. The suit claims that Maui’s devastating wildfires were sparked by energized power lines, toppled by potent winds, and alleges negligence by Hawaiian Electric Industries.
