It was a rough day for several small- and mid-cap stocks, as investors rotated out of high-volatility names and speculative sectors. Leading the slide was Mercurity Fintech Holding Inc. (MFH), which dropped a staggering 57.36% to close at just $2.20, making it the biggest decliner on U.S. exchanges.
Here’s a breakdown of the top losers on July 21, 2025:
🔻 Mercurity Fintech Holding Inc. (MFH) – $2.20 (−57.36%)
Shares of this blockchain-focused fintech firm nosedived after the company filed an SEC notice indicating potential delays in quarterly reporting. The selloff was intensified by low float and heavy retail unwinding, leading to a cascade of losses.
🔻 Top Wealth Group Holding Limited (TWG) – $6.35 (−34.12%)
The real estate and finance conglomerate, which recently debuted on the U.S. exchange, saw its stock collapse amid profit-taking and volatility following a speculative run-up earlier this month. TWG has dropped over 50% in the last five sessions.
🔻 Aether Holdings, Inc. (ATHR) – $10.21 (−21.82%)
Aether, an energy storage company, saw a sharp reversal today after no new developments were announced. Analysts suspect it was driven by overbought technical conditions and general market cooling in the clean energy segment.
🔻 Barnes & Noble Education Inc. (BNED) – $8.87 (−21.02%)
BNED slid after reporting weaker-than-expected textbook sales and declining in-store traffic across campus locations. The company is still struggling to pivot its business model toward digital and subscription-based services.
🔻 ClearOne, Inc. (CLRO) – $6.40 (−18.88%)
Audio tech company ClearOne took a hit following a disappointing product launch update, with analysts noting weak demand signals in both enterprise and education sectors.
🔻 BioVie Inc. (BIVI) – $7.31 (−18.73%)
Biotech stock BIVI dropped nearly 19% after a mid-stage trial update failed to meet investor expectations for its Alzheimer’s drug candidate. Although not a full failure, the results were described as “inconclusive.”
