Net Power (NPWR) reported a full-year 2024 loss of $0.67 per share, while three analysts polled by FactSet expected a loss of $0.65.
Shares slumped 63% following a surge in intraday trading volume to over 9.11 million from a daily average of about 560,000.
MicroStrategy (MSTR) unveiled Monday plans to sell 8% series A perpetual strike preferred stock with an aggregate offering price of up to $21 billion.
Shares slid over 16% as intraday trading volume rose to over 19.9 million from the stock's daily average of about 19.7 million.
UBS cut Tesla's (TSLA) price target to $225 from $259 while reiterating the electric automaker's sell rating amid concern that softer demand will hit delivery volumes.
Tesla's shares were also hit, alongside the other Magnificient-7 stocks, as speculation mounted of a recession in the US.
Shares retreated 14% as intraday trading volume surged to more than 129.7 million from a daily average of roughly 86 million.
Price: 2.53, Change: -4.40, Percent Change: -63.49
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.