WISCONSIN (CoinChapter.com) — Bond yields moved a little higher today. The benchmark 10-year Treasury bond yield, circling around 4.3%, was almost at its highest point in over a decade.
The move came amid expectations that the Federal Reserve’s interest rate campaign will once again take center stage during a trading week that is otherwise quiet.
Here are the five stock market losers:
NAPCO Security Technologies Inc. (NASDAQ: NSSC)
Wolf Popper LLP (law firm) has announced an investigation into potential securities fraud claims on behalf of the purchasers of the common stock of NAPCO Security Technologies, Inc. (NASDAQ: NSSC).
This initiative comes after NAPCO, a manufacturer and designer of high-tech electronic security devices and provider of school safety solutions, revealed that it must restate its financial statements for the fiscal quarters ended Sep 30, 2022, Dec 31, 2022, and March 31, 2023.
The restatement is due to errors found in its calculations. The firm’s investigation seeks to establish the validity of these potential securities fraud claims.
Jet.AI Inc. (NASDAQ: JTAI)
Jet.AI Inc. (NASDAQ: JTAI), a firm involved in private aviation and artificial intelligence (AI), had no news today, but three days ago announced its AI-powered charter booking platform, CharterGPT. Nothing negative has been made public, but shares sold off, decreasing 21.61%.
CharterGPT is an application that communicates with both consumers and charter operators, reducing the time a broker spends with the help of natural language processing.
Aditxt Inc. (NASDAQ: ADTX)
Four days ago, Aditxt, Inc. (NASDAQ: ADTX), a global leader in the development of therapeutics and technologies for immune system monitoring and modulation, announced its decision to implement a 1-for-40 reverse stock split.
The split became effective at 9:30 a.m. Eastern Time today. Post-split trading commenced on the NASDAQ Capital Market under the unchanged symbol ADTX. Shares were sold in response to the decision.
SMX (Security Matters) PLC (SMX)
SMX (Security Matters) PLC (NASDAQ: SMX) is leading the transition from linear to circular production processes through its innovative technology. The company did not have specific news to drop the stock price today, but experienced a sell-off of over 16%.
Recently, the SMX Technology was successfully identified within various materials such as granules, undyed and dope-dyed polyester POY and DTY filament yarns, and within the undyed, dyed, and dope-dyed fabrics, independent of color and processing methods. The company digitizes physical objects on the blockchain to facilitate a circular and closed-loop economy.
AppTech Payments Corp. (NASDAQ: APCX)
Another company among quite a few today with no significant news to drop the stock price was AppTech Payments Corp. (NASDAQ: APCX). The firm is a fintech company facilitating commercial transactions between businesses and consumers. Mixed Q2 2023 results were reported exactly one week ago.
Revenue for the six-month period ending June 30, 2023, was roughly $223 thousand. This was the biggest contributor to today’s stock fall and represented a slight decrease from the $227 thousand recorded during the same period in the previous year.
This marginal decline was primarily due to a revenue adjustment related to a processor.
