10 Stocks Slump Amid Wall Street Cheer; 2 Hit Rock Bottom

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Ten companies fell sharply on Thursday, defying an overall market optimism, as investors digested mostly corporate earnings and disappointing outlooks for the rest of the year. Of the firms in the list, two fell to an all-time low, while one was just a few cents shy of its lowest 52-week price.

Meanwhile, Wall Street’s main indices all finished in the green, led by Nasdaq, up 0.89 percent, followed by the S&P 500, rising 0.58 percent, and the Dow Jones, growing 0.31 percent.

In this article, we spotlight the 10 worst performers on Thursday and break down the reasons behind their drop.

To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.

10 Worst Performing NASDAQ Stocks in 2024

Photo by Tima Miroshnichenko on Pexels

10. Southwest Airlines Co. (NYSE:LUV)

Southwest Airlines declined by 6.25 percent on Thursday to finish at $31.65 apiece after reporting a dismal earnings performance in the third quarter of the year.

In an updated report, Southwest Airlines Co. (NYSE:LUV) said net income during the period dropped by 19.4 percent to $54 million from $67 million in the same period last year, while total operating revenues inched up by only 1.1 percent to $6.95 billion from $6.87 billion year-on-year.

Despite the results, Southwest Airlines Co. (NYSE:LUV) maintained its EBIT outlook for full-year 2025 at $600 million to $800 million.

For the fourth quarter alone, the company expects available seat miles (ASM) to increase by 6 percent, while operating revenues per ASM (RASM) are expected to grow between 1 and 3 percent.

Commenting on the results, Southwest Airlines Co. (NYSE:LUV) President and CEO Bob Jordan said he was pleased with the company’s results, which are expected to ramp up in the fourth quarter of the year and into next year.

“And while early, indicators for our new assigned and extra legroom seating products are in line with expectations. We are encouraged by our momentum and confident in our direction. Our people continue to lead the way, and I couldn’t be more excited about 2026 and beyond,” he noted.

9. Energy Fuels Inc. (NYSEAmerican:UUUU)

Energy Fuels dropped its share prices by 6.51 percent on Thursday to end at $21.26 apiece as investors repositioned portfolios ahead of the release of its third quarter earnings performance.

In an updated report, Energy Fuels Inc. (NYSEAmerican:UUUU) said it is scheduled to announce its financial and operating highlights during market hours on November 4, 2025. A conference call will be held to elaborate on the results.

In other developments, Energy Fuels Inc. (NYSEAmerican:UUUU) said it secured the backing of Export Finance Australia for an A$80 million ($52.1 million) financing support for the development of its A$520 million Donald Rare Earth project, as well as the Mineral Sands development.

Energy Fuels Inc. (NYSEAmerican:UUUU) said it expects to raise more funds from a 50:50 combination of debt and equity from Export Credit Agencies and senior lenders.

Already set for groundbreaking, the Donald Project is expected to be one of Australia’s most advanced sources of rare earth elements. Materials will then be shipped to the company’s mineral processing facility in the US for production of advanced REE materials and zircon-rich heavy mineral concentrates for global supply chains.

The project is targeted for full operations in the second half of 2027, subject to project financing and completion of a final investment decision.

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