Top Midday Decliners
Sanuwave Health's (SNWV) Q2 revenue is expected to be in the range of $8.5 million to $9.5 million, below the guidance the company provided in its Q1 earnings call on May 13, according to a statement Tuesday.Shares sank 42% amid a surge in intraday trading volume to over 779,000 from a daily average of about 91,000.TD Cowen downgraded Domo's (DOMO) shares to hold from buy while adjusting its price target to $3.25 from $6.This comes as Domo reported a narrower fiscal Q1 non-GAAP loss late Monday amid a year-over-year decline in revenue. Sales were also slightly shy of market expectations.Shares plummeted 39% as intraday trading volume climbed to more than 12.4 million, versus a daily average of about 1.14 million.Olin (OLN) and Huntsman (HUN) on Tuesday said they agreed to merge in an all-stock deal to create a larger North American chemicals company with more than $12 billion in annual revenue.Shares of Huntsman dropped 16%, with intraday trading volume rising to more than 19.3 million from the stock's daily average of about 5.21 million.Price: $8.47, Change: $-6.20, Percent Change: -42.26%
