It was a rough session for several well known stocks. Losses spread across tech, airlines, energy and industrial names. Many of these companies are still up strongly over the past year. But today investors hit the sell button.
Here is a closer look at the biggest stock market losers today based strictly on the data.
ACLS Stock Drops 20% While PANW and APLD Slide
Axcelis Technologies stock fell 20.28% to 78.52. The stock lost 19.98 in a single session. Volume came in at 520,054 shares. That is slightly below its three month average of 576,341. The company has a market cap of 2.46 billion and a P E ratio of 22.25. Despite today’s drop, ACLS is still up 54.85% over the past year. Its 52 week range runs from 40.40 to 102.93.
HF Sinclair stock dropped 11.58% to 51.16. Volume was 1.18 million compared to a 2.57 million average. The company holds a market cap of 9.37 billion with a P E ratio of 28.29. Shares are still up 52.80% over 52 weeks.
VNET Group fell 11.93% to 12.11. Volume reached 1.87 million versus a 4.96 million average. The stock is up just 5.44% over the past year.
Palo Alto Networks stock declined 8.56% to 149.50. Trading volume hit 3.65 million shares compared to an 8.36 million average. The cybersecurity giant has a massive 121.36 billion market cap and a high P E ratio of 105.66. Shares are down 20.32% over 52 weeks and trading near the lower end of their 144.15 to 223.61 range.
Applied Digital stock slipped 8.70% to 30.64. Volume was 3.39 million versus a very high 31.48 million average. The company has surged 237.29% over the past year. Its 52 week range stretches from 3.31 to 42.27.
Allegro MicroSystems fell 5.96% to 39.21. The stock remains up 50.51% over 52 weeks.
Datadog stock dropped 4.77% to 116.71. It carries a very high P E ratio of 403.87 and a market cap of 41.14 billion. Shares are down 4.88% over the past year.
Zscaler stock lost 4.30% to 165.17. The company has a 26.40 billion market cap and is down 19.60% over 52 weeks.
Arista Networks declined 3.70% to 137.39. The networking leader still shows a 37.20% gain over the past year and holds a 173.27 billion market cap.
Airline Stocks Fall: AAL, UAL, DAL, ALK in Focus
Airline stocks were also under pressure.
American Airlines stock dropped 4.34% to 13.78. Volume reached 2.37 million versus a much higher 55.07 million average. Shares are down 10% over 52 weeks.
United Airlines fell 3.96% to 109.50. The company has a 35.24 billion market cap and trades at a P E ratio of 10.71. Shares are still up 7.05% over the past year and trading close to their 119.21 high.
Delta Air Lines declined 3.70% to 68.25. The stock carries a 44.58 billion market cap and a low P E ratio of 9.01. Shares are up 8.93% over 52 weeks.
Alaska Air dropped 3.58% to 55.05. The stock is down 25.48% over the past year and trades within a 37.63 to 78.08 range.
Other Notable Stock Market Losers
Halozyme Therapeutics fell 5.69% to 75.90 but remains up 39.31% over the past year. Crocs stock slipped 4.27% to 95.65 and is down 9.94% over 52 weeks. CNH Industrial dropped 4.58% to 12.51 and is down 2.75% over the past year.
W P Carey fell 3.92% to 71.22. The real estate investment trust is still up 22.74% over 52 weeks. Knife River declined 4.44% to 89.73 and is down 8.68% over the past year. Charles River Laboratories lost 2.50% to 154.17 and is down 3.92% over 52 weeks.
Genuine Parts fell 3.27% to 121.59 and is up 3.01% over the past year. Cinemark stock slipped 3.43% to 24.46 and is down 11.24% over 52 weeks.
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