Top Midday Decliners

MT Newswires Live10-29

Sonnet BioTherapeutics (SONN) filed a registration statement with the US regulators for the potential sale of its securities.

The stock fell 19%, with intraday volume topping 156,000 shares versus the daily average of more than 27,000.

Royal Philips (PHG) cut its full-year comparable sales growth outlook amid a substantial drop in demand in China, and Q3 earnings were little changed.

Shares retreated 16% as volume topped 3.78 million versus the daily average of 808,000.

Boeing (BA) is launching concurrent public offerings of 90 million common shares at a par value of $5 per share and $5 billion of depositary shares, each representing a 1/20th interest in a share of newly issued Series A mandatory convertible preferred stock at a par value of $1 a share.

The stock fell 1.6% with volume topping 12.6 million versus the daily average of almost 8.06 million.

Price: 4.85, Change: -1.15, Percent Change: -19.17

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