Top Midday Decliners

MT Newswires Live01:51

Lam Research (LRCX) shares sank 10% after the tech giant flagged supply-chain constraints and guided to lower China sales, taking the shine off its fiscal Q1 earnings and revenue beats reported overnight.

Intraday trading volume climbed to over 12.7 million from a daily average of roughly 9.33 million.

NVE (NVEC) shares slumped 33% amid heavy trading after the company reported lower fiscal Q2 net income and revenue.

Intraday trading volume rose to over 307,000 from a daily average of about 146,000.

Wedbush Securities adjusted its price target for Avalo Therapeutics (AVTX) to $22 from $34, while maintaining its outperform rating.

Shares plunged 35% as intraday trading volume surged to over 17.3 million from a daily average of about 972,000.

Price: 231.81, Change: -29.00, Percent Change: -11.12

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