Aehr Test Systems (AEHR) stock plummeted 5.73% during intraday trading on Tuesday, as investors reacted to the company's upcoming third-quarter earnings report scheduled after the market closes.
The decline comes ahead of the earnings release, where the company is expected to report a loss of $0.07 per share for the quarter, according to an earnings calendar. Options trading activity also indicated market anticipation of a significant move in the share price post-earnings.
Additionally, analysts were offering insights on technology companies including Aehr Test earlier in the day, which may have contributed to the negative sentiment surrounding the stock prior to its earnings release.
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