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Stocks plunge as YXT drops 66% after share offering; leveraged ETF APPX falls 39%.

Market News
06 Aug 2026
Alex Lavoie
View Source
Bearish
pluang ai news

YXT.COM Group Holding Limited's stock plunged 66.07% following a registered direct offering that raised concerns about share dilution. The leveraged ETF Tradr 2X Long APP Daily ETF (APPX) fell 39.22%, highlighting the risks of leveraged products. Despite positive news and earnings beats, Universal Technical Institute, Inc. (UTI), Onterris, Inc. (ONT), and BillionToOne, Inc. (BLLN) also saw significant declines, reflecting broader market negativity or investor concerns. These drops were driven by corporate actions, leveraged ETF mechanics, and mixed earnings reactions.

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