Varex Imaging Plunges 10.01% as Vanguard Sells Shares, Losses Mount

On April 15, 2025, Varex Imaging experienced a significant drop of 10.01% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Varex Imaging has recently faced a series of challenges that have contributed to the decline in its stock price. One of the key factors is the reduction in institutional holdings. Vanguard Group Inc. has sold 949,893 shares of Varex Imaging, which has likely impacted market confidence in the company's future prospects.

Additionally, the company's financial performance has been under scrutiny. Varex Imaging reported a net loss of $1.2 million for the quarter, which has raised concerns among investors about the company's ability to generate sustainable profits. The loss was primarily attributed to increased operating expenses and a decline in revenue from its core imaging products.

Despite these challenges, Varex Imaging has been actively pursuing strategic initiatives to improve its financial health. The company has announced plans to streamline its operations and reduce costs, which could help mitigate the impact of the recent financial setbacks. Furthermore, Varex Imaging is exploring new opportunities in the medical imaging market, which could drive future growth and revenue.