Stock Market Craziness: Aspen Aerogels Issues Business Update, and a Slew of Other Big Stocks Take a Tumble Stock Market Craziness: Aspen Aerogels Issues Business Update, and a Slew of Other Big Stocks Take a Tumble

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By Ronald Tech


U.S. stocks traded lower, with the Dow Jones index falling over 150 points on Thursday.

Shares of Aspen Aerogels, Inc. ASPN fell sharply during Thursday’s session after the company issued a business update.

Aspen Aerogels clocked preliminary fourth-quarter revenue of $84 million. The company sees FY24 baseline revenue of $350 million with upside potential as EV production accelerates.

Aspen Aerogels shares dipped 12.2% to $12.61 on Thursday.

Here are some other big stocks recording losses in today’s session.

  • Office Properties Income Trust OPI shares tumbled 36% to $3.9650 after the company reduced its quarterly dividend to $0.01 per share.
  • Richardson Electronics, Ltd. RELL dipped 20.7% to $9.91 after the company posted weaker-than-expected results for its second quarter.
  • Sana Biotechnology, Inc. SANA declined 15.8% to $6.04.

 

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