02:09 PM EST, 11/27/2024 (MT Newswires) -- Symbotic ( SYM ) said it submitted a notification of late filing for its annual report for the fiscal year ending Sept. 28. The company said it needs additional time to correct an error related to revenue recognition and the impact of that error on its financial reporting.

Shares of the automation technology company slumped over 38% in recent trading on Wednesday, with more than 16.5 million shares already traded compared with the daily average of nearly 1.9 million shares per day.

HP (HPQ) is forecasting fiscal Q1 non-GAAP net income between $0.70 and $0.76 per share compared with the FactSet consensus call expecting the computer manufacturer to earn $0.85 per share, excluding one-time items.

HP shares recently were dropping almost 13%, staying within close range of its intraday low and a 14% decline. Trading volume was more than double its daily average, with 17.8 million shares changing hands on Wednesday compared with an average of 7.7 million shares per day.

Grifols ( GRFS ) reportedly said it won't be looking for another potential suitor after Brookfield Asset Management ( BAM ) Wednesday told MT Newswires "it is not in a position to continue with a potential offer," ending months of discussions about a possible acquisition of the plasma therapeutics company.

Grifols ( GRFS ) recently was down over 8%, recovering almost half of a nearly 14% slide earlier Wednesday. Trading volume was nearly triple its typical levels, with investors exchanging nearly 2.8 million shares compared with a daily average of about 953,000 shares per day.

Price: 22.69, Change: -14.72, Percent Change: -39.35