# 📉 Biggest Losers
|Rank|Ticker|Approx. Price|% Change|Volume|Why It's Dropping|
|:-|:-|:-|:-|:-|:-|
|1|**SNBR**(Sleep Number Corp.)|\~$0.21|**-40% to -47%**|Very high (tens of millions)|Chapter 11 bankruptcy filing + planned sale to a Canadian rival for \~$415M. Nasdaq delisting notice. Ongoing revenue declines, heavy debt, and liquidity crisis have crushed the stock. Classic distressed equity wipeout risk for shareholders.|
|2|**TNON**(Tenon Medical)|\~$0.35|**-41% to -42%**|Extremely high (\~34M)|Sharp sell-off after recent volatility. Medical device company facing ongoing dilution pressures, high cash burn, and limited revenue scale despite some growth in SI joint implants. Profit-taking or lack of sustained positive catalysts.|
|3|**CANG**(Cango Inc.)|\~$0.19|**-39% to -40%**|Strong|Heavy Q1 losses (including massive Bitcoin impairments and fair value adjustments), revenue contraction in core segments, and pivot challenges into AI/HPC. Also dealing with NYSE listing compliance issues (reverse split considerations).|
|4|**YYGH**(YY Group Holding)|\~$0.08|**-37% to -38%**|High|Persistent downward pressure on this low-float name. Recent reverse stock split announcements and ongoing dilution/operational concerns in its services business. Typical penny stock fade after any prior momentum.|
|5|**AIXI**(Xiao-I Corp.)|\~$2.70|**-50%+**(sharp move)|Elevated|Volatility around patent litigation updates with Apple (partial dismissal, appeal planned) and prior ADS ratio changes. AI-related Chinese ADR with thin trading and high risk.|