Here are some of the biggest losers in the stock market on Wednesday:
1. Delta Air Lines DAL | Down 5.8%
"While demand continues to improve, the recent rise in fuel prices will pressure our ability to remain profitable for the December quarter," said Chief Executive Ed Bastian in a statement.
2. JPMorgan Chase JPM | Down 2.7%
Shares of JPMorgan Chase JPM slipped Wednesday afternoon after rising early morning.
The bank posted a 24% rise in third-quarter earnings, exceeding Wall Street expectations.
The “economy continues to show good growth - despite the dampening effect of the delta variant and supply-chain disruptions," Chief Executive Jamie Dimon said in a statement.
"We released credit reserves of $2.1 billion, as the economic outlook continues to improve and our scenarios have improved accordingly," Dimon added
3. NeuroOne Medical NMTC | Down 29%
The company said an underwritten offering of 3.75 million shares was priced at $3.20. The underwriters have a 30-day option to buy as many as 562,500 additional shares.
4. Rezolute RZLT | Down 17%
Shares of Rezolute (RZLT) - Get Free Report slumped after the biopharmaceutical company, priced a public offering of 6 million common shares at $6.50 and pre-funded warrants to purchase 1.7 million shares at $6.49 each. Rezolute said it expects proceeds of $55 million before expenses.
The company also priced a concurrent registered direct offering to certain institutional investors that are current shareholders. That offering is 769,231 shares at $6.50 a share.
Rezolute develops drug therapies for patients with metabolic and orphan diseases.