Top Midday Decliners

MT Newswires Live04-01

T1 Energy (TE) stock sank amid heavy trading midday Tuesday after the company reported a Q4 loss and lower-than-expected revenue.

Shares slumped 20% as intraday trading volume jumped to over 24.3 million from a daily average of about 18.6 million.

JPMorgan downgraded Phreesia (PHR) to neutral from overweight while adjusting its price target to $16 from $24, joining other firms such as Citigroup, Baird, and Truist in similar ratings action, after the company lowered its fiscal 2027 revenue outlook in results released late Monday.

Shares of Phreesia sank 31% as intraday trading volume jumped to over 9.56 million from a daily average of about 1.64 million.

Progress Software (PRGS) posted a "good" fiscal Q1 performance with beats on the top and bottom lines, but a tough software-as-a-service backdrop overshadowed its results, Wedbush said in a report Tuesday.

Shares of Progress Software were down 11% as intraday trading volume surged to more than 1.67 million, versus the stock's daily average of about 1.06 million.

Price: 4.39, Change: -1.23, Percent Change: -21.89

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