We recently published a list of These 10 Stocks Were Sold Down Today, And Here’s Why. In this article, we are going to take a look at where Aurora Innovation, Inc. (NASDAQ:AUR) stands against other stocks that were sold down today.
Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms’ own developments affecting their businesses.
The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent.
In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Aurora Innovation, Inc. (NASDAQ:AUR)
Aurora Innovation dropped its share prices by 6.27 percent on Monday to end at $6.28 apiece as investor sentiment was dampened by its unexpected addition of human observers behind its driverless trucks.
Investors took the recent initiative negatively from a company that was widely optimistic and confident about its driverless trucks.
According to Aurora Innovation, Inc. (NASDAQ:AUR), one of its partners, PACCAR, requested human observers behind the wheel.
“PACCAR is a long-time partner and, after much consideration, we respected their request and are moving the observer, who had been riding in the back of some of our trips, from the back seat to the front seat,” it said.
Aurora Innovation, Inc. (NASDAQ:AUR) officially launched its driverless trucks in Texas earlier this month. According to the company, it began regular driverless customer deliveries between Dallas and Houston this week, completing more than 1,200 miles without a driver.
Overall, AUR ranks 9th on our list of stocks that were sold down today. While we acknowledge the potential of AUR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AUR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.