Spirit Airlines Posts Weak Results, Joins Integra LifeSciences, Bowlero And Other Big Stocks Moving Lower On Monday

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.

Shares of Spirit Airlines, Inc. (NYSE:SAVE) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45).

Spirit Airlines shares dipped 9.8% to $3.3450 on Monday.

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

• EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 37.7% to $12.29 after the company’s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.
• Integra LifeSciences Holdings Corporation (NASDAQ:IART) shares tumbled 17.8% to $23.76 following weak second-quarter EPS guidance.
• Bowlero Corp. (NYSE:BOWL) declined 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.
• Braskem S.A. (NYSE:BAK) shares dipped 15.5% to $7.63 in pre-market trading after shareholder Novonor said Adnoc has no interest in continuing the process on a potential transaction.
• GameStop Corp. (NYSE:GME) declined 15.2% to $13.97 after the stock rose more than 40% last week.
• Uniti Group Inc. (NASDAQ:UNIT) declined 11.5% to $3.9489 after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries.
• TreeHouse Foods, Inc. (NYSE:THS) tumbled 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.
• Jasper Therapeutics, Inc. (NASDAQ:JSPR) dipped 9.2% to $22.28. HC Wainwright & Co. analyst Emily Bodnar initiated coverage on Jasper Therapeutics with a Buy rating and announced a price target of $65.
• Critical Metals Corp. (NASDAQ:CRML) declined 7.9% to $9.18.
• Medical Properties Trust, Inc. (NYSE:MPW) declined 8% to $4.48 after tenant Steward Health Care reportedly filed for bankruptcy protection.
• Tyson Foods, Inc. (NYSE:TSN) fell 7.8% to $57.18 following weak quarterly sales.
• Allego N.V. (NASDAQ:ALLG) declined 7.8% to $1.1799.
• CureVac N.V. (NASDAQ:CVAC) fell 7.1% to $2.9080.
• Titan International, Inc. (NYSE:TWI) declined 6.7% to $9.36.
• Geron Corporation (NASDAQ:GERN) fell 3.8% to $3.78.
• Amgen Inc. (NASDAQ:AMGN) fell 3.8% to $299.53.