02:34 PM EDT, 04/08/2024 (MT Newswires) -- Perion Network ( PERI ) shares slumped after the company, on Monday, lowered its 2024 guidance for revenue and adjusted EBITDA due to a decline in search advertising activity in Q1.

Shares slumped 41%, with intraday trading volume at over 10 million versus a daily average of about 537,000.

Bernstein downgraded Amer Sports ( AS ) to market perform from outperform, while cutting its price target to $16 from $18.50.

Shares of the company extended declines on Monday, down 5%, after reporting in the previous trading session a Q4 loss amid a stronger-than-expected growth in sales. It also guided for earnings below market views for the ongoing year.

More than 1.9 million shares of Amer traded intraday compared with a daily average of about 2.15 million.

Paramount Global ( PARAA ) shareholder Matrix Asset Advisors raised concerns over Skydance Media's offer to acquire the entertainment company and urged its board to consider Apollo Global Management's (APO) offer.

Shares dropped nearly 6%, with intraday trading volume at over 23 million compared with a daily average of about 19.1 million.

Price: 12.41, Change: -8.70, Percent Change: -41.21