Market Slump Drags Down Share Prices of These 15 Companies

Wall Street’s main indices ended this week’s trading on a bloodbath following an overall market selloff as investors shifted their capital into assets offering higher returns.

This article will delve into the factors behind the downturn and explore why the 15 companies were particularly affected.

To come up with Friday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A stock market chart. Photo by Arturo A on Pexels

15. Oklo Inc. (OKLO)

Shares of Oklo Inc. (OKLO) on Friday dropped by 5.24 percent to end at $22.78 each following news that a shareholder law firm is investigating the company and certain officers over alleged fraud and unlawful business practices.

The investigation stemmed from a report from Kerrisdale Capital on November 20, questioning the prospects of Oklo. The report highlighted several concerns, including Oklo’s lack of regulator-approved reactor design, its inability to generate revenue for years, and the unproven commercial viability of its planned 15-50 MWe microreactors.

Kerrisdale argued that Oklo was facing significant technical and financial challenges in its goal of operating hundreds of small nuclear power plants and that it was exaggerating the potential economics of its reactors while underestimating the time and capital required to make them a reality.

14. Aurora Innovation Inc. (AUR)

Shares in Aurora Innovation (AUR), a self-drive automotive company, reported a 5.45-percent decrease in its share price on Friday to end at $6.94 apiece as investors stayed on the sidelines for further developments to perk up its stock price.

However, Aurora Innovation earned a bullish outlook from institutional investors, with Cantor Fitzgerald the most recent to join the bull’s camp. In a note to clients last week, Cantor Fitzgerald initiated coverage with an “overweight” rating and a price target of $10.

Cantor analyst Andres Sheppard highlighted Aurora’s clear commercialization roadmap, its high-margin, asset-light model, and favorable regulation trends, noting that the company has logged over two million supervised miles, with plans to deploy tens of driverless trucks by late 2025.