Discover the 3 stocks laggards nursing the biggest losses from today

Published: May 26 2023, 23:07 GMT+0

Discover the 3 stocks laggards nursing the biggest losses from today

Markets closed higher yet Tilray, Inc., Virgin Galactic Holdings, Inc., Mullen Automotive, Inc. top this unflattering list of today's losers

What happened after today's session ended? Leading equity indices in the US rose as Nasdaq gained 2.19% and closed at 12,976. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

Today's rally takes place amid mixed market indicators — Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Despite today's market climb several stocks suffered losses. Take a look at the market's Top Losers.

Virgin Galactic | Closed down 16.54% at $3.38 today

Virgin Galactic Holdings, Inc.'s bearish run has lasted 4 days so far (-88 cents). Today's session continued the recent downtrend: after ending yesterday at $4.05, Virgin Galactic dropped to $3.31 early in today's session and closed at $3.38. In total, it lost 16.54%.

Tilray | Closed today's session at $1.86

Approximately 5 months ago, the US pharmaceutical and consumer packaged goods company reached a significant high of $4.68 but has struggled to hold onto its gains and declined 49.57% since then. Tilray's market cap is currently $1.15 billion with an average daily trading volume of 9.89 million shares. Tilray last reported revenue of $145.59 million with an EPS of -4 cents.

Mullen | Closed today's session at 80.81 cents

After ending yesterday at 95.31 cents, Mullen Automotive declined to 80.18 cents today before closing at 80.81 cents, thereby losing 15.21% in total.