The 10-year US Treasury note yield decreased from its 16-year high, giving stocks a lift, as dismal business activity statistics from the US and Euro Zone suggested global disinflation. Five stocks that were negatively affected by this news were Bruush Oral Care Inc. (NASDAQ: BRSH), Foot Locker Inc. (NYSE: FL), Tivic Health Systems Inc. (NASDAQ: TIVC), Sunlight Financial Holdings Inc. (NYSE: SUNL), and GRI Bio Inc. (NASDAQ: GRI).Bruush Oral Care Inc. (NASDAQ: BRSH) had no news today, contributing to the stock’s 36.31% sell-off. The most recent announcement was a 1-for-25 reverse stock split as of July 31, 2023.Foot Locker Inc. (NYSE: FL) reported a 9.9% decrease in sales to $1.86 billion, attributing the disappointing performance to “ongoing consumer softness.” The news triggered a 25% drop in Foot Locker’s stock at the opening of Wednesday’s trading session. The company also reported a striking 96.4% decrease in non-GAAP earnings per share (EPS) down to 4 cents.Tivic Health Systems Inc. (NASDAQ: TIVC) announced a 1-for-100 reverse stock split of its issued and outstanding shares of common stock, which took effect today.Bragar Eagel & Squire, P.C., a preeminent shareholder rights law firm, has initiated an investigation into potential claims against Sunlight Financial Holdings Inc. (NYSE: SUNL). This action comes on behalf of the long-term shareholders post a class action lawsuit filed against Sunlight on December 16, 2022.GRI Bio Inc. (NASDAQ: GRI) has revealed its entry into an asset purchase agreement with Aardvark Therapeutics, Inc. — shares dropped 24.63% on the news. As per the agreement, Aardvark will acquire specific assets and intellectual property related to ADAIR (Abuse Deterrent Amphetamine Immediate Release), owned by GRI Bio.
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 5 |
| People | None |
| Companies | Brüush Oral Care Inc., Foot Locker Inc., Tivic Health Systems Inc., Sunlight Financial Holdings Inc., GRI Bio Inc. |
| Currencies | US Dollar, Euro, NASDAQ, NYSE, None |
| Securities | BRSH, FL, TIVC, SUNL, GRI |
