Organic baby food company Once Upon a Farm (Nasdaq: OFRM) suffers a stock price plunge after releasing its latest quarterly financial report.

老虎证券2026/03/13 15:27

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

During Thursday's trading session, the company's stock price fell below the $18 initial public offering price line for the first time in its history, ultimately closing down 15.2% at $17.16. This decline marks a vote of no confidence in the company's short-term performance and growth prospects. Intraday trading data showed the stock price once dropped to a low of $16.95, more than 5% below the offering price. Trading volume was three times the monthly average, reflecting a concentrated sell-off by investors. Analysts pointed out that the slowdown in quarterly revenue growth and narrowing gross margin were the main triggers for the sell-off. Although the company emphasized strong growth in its e-commerce channel, it failed to offset the negative impact of weakness in offline retail channels.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to Zhitong Finance APP, with the upcoming US earnings season, the Nasdaq's record highs and Marvell's management raising its growth target have both served as positive catalysts for upward revisions in profit forecasts throughout the global AI optical interconnect industry chain. On October 6, the Nasdaq Composite Index rose 0.45%, closing at a record high of 27,599.79 points. Marvell (MRVL.US), a leader in ASIC and AI data center optical interconnect chips, raised its fiscal year 2028 revenue target from $18 billion to $20 billion, an increase of approximately 11.1%. The company's stock price rose 5.8% on the day, reflecting the market's strong expectations for expanding demand for accelerated computing chips and CPUs, HBM/DRAM/NAND memory chips, and data center optical interconnect components for AI data centers.

智通财经•2026/10/08 13:06