FINWIRES · TerminalLIVE
FINWIRES

Top Midday Decliners

By

QuidelOrtho (QDEL) shares slumped 32% amid heavy trading after the company set out late Wednesday expectations for preliminary unaudited revenue below market expectations for Q1.

Intraday trading volume surged to over 8.5 million shares from a daily average of about 1.6 million.

MIND Technology (MIND) reported late Wednesday a fiscal Q4 loss and a year-over-year decline in revenue.

Shares slumped 27% as intraday trading volume climbed to more than 895,000 from a daily average of about 153,000.

Allbirds (BIRD) fell by 28% after midday, swinging from a 582% surge at Wednesday's close. The company said Wednesday it has executed a definitive agreement with an institutional investor for a $50 million convertible financing facility that will enable a pivot in its business to artificial intelligence compute infrastructure.

More than 25.8 million shares of the company traded intraday compared with a daily average of about 4.9 million.

Price: $11.91, Change: $-5.58, Percent Change: -31.90%

Related Articles

Wire

Savara Says FDA Extended Review Period for Molgramostim Inhalation Solution Application

Savara (SVRA) said late Wednesday the US Food and Drug Administration has extended the review period for molgramostim biologics license application in autoimmune pulmonary alveolar proteinosis, a rare lung disease, by three months.The new prescription drug user fee act target action date for the inhalation solution is Nov. 22, the company said.The FDA did not cite any efficacy, safety, or manufacturing concerns, the company said, adding that the FDA determined that the responses to recent information requests represented a significant amendment to the application.

$SVRA
Wire

Euroseas Extends EM Kea Charter for Three Years at Higher Daily Rate

Euroseas (ESEA) extended a charter contract for its feeder containership EM Kea by three years at a gross daily rate of $30,000.The charter is set to begin on July 14 and reflects nearly a 60% increase over the vessel's current rate, the company said Wednesday in a statement.Euroseas expects the charter to generate about $22.5 million in EBITDA over the minimum contracted period.The company's shares fell 2% in after-hours trading.

$ESEA
Wire

Voyager Wins NASA Order for Seventh Private Astronaut Mission to International Space Station

Voyager Technologies (VOYG) said late Wednesday it has signed an order with National Aeronautics and Space Administration for the seventh private astronaut mission to the International Space Station, with a launch planned no earlier than 2028.The mission, dubbed VOYG-1, supports NASA's strategy to shift low-Earth orbit operations to the private sector by enabling commercial partners to deliver human spaceflight services, the company said.

$VOYG