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Five Stocks That Defined Monday: Bankruptcies, Buyouts, and a Lightning Strike at Ford

MarketDash Editorial Team
7 hours ago
While major indexes slipped on Monday, five companies captured investor attention for very different reasons. Ford ended production of its F-150 Lightning, ServiceNow got downgraded over AI concerns, and both Luminar and iRobot filed for bankruptcy protection as financial pressures mounted.

Monday wasn't a great day for the major indexes. The Dow Jones Industrial Average edged down 0.09% to 48,416.56, the S&P 500 slipped 0.16% to 6,816.51, and the Nasdaq dropped 0.59% to 23,057.41. But beneath those modest declines, a handful of stocks made serious moves that tell us something about where the market is heading and which companies are struggling to keep up.

Here's what caught investors' attention as Monday unfolded.

Ford Pulls the Plug on Lightning

Ford Motor Co (F) closed at $13.65, down 0.66%, with an intraday range between $13.49 and $13.81. The stock's 52-week range spans $8.44 to $13.97. After hours, shares ticked up 1.1% to $13.80.

The automaker announced it's ending production of the current generation F-150 Lightning, marking a significant shift in its electric vehicle strategy. It's not exactly a surrender, but it's definitely a recalibration. Management now expects Ford Model e, its EV division, to reach profitability by 2029, with financial improvements kicking in by 2026.

Ford is repurposing its Tennessee and Ohio facilities to expand truck and commercial vehicle operations. The Tennessee Electric Vehicle Center is getting renamed and repositioned, while the Ohio plant will become a Ford Pro hub focused on commercial vehicles. CEO Jim Farley framed the moves as customer-driven, emphasizing a push toward stronger profitability rather than chasing EV volume at any cost.

ServiceNow Takes a Hit on AI Worries

ServiceNow Inc (NOW) had a rough Monday, dropping 11.56% to close at $765.20. The stock traded between $760.53 and $803.40 during the session, and its 52-week range is $678.66 to $1,198.09.

The sell-off came after KeyBanc downgraded the stock to Underweight with a $775 price target. The analyst's concerns centered on rising AI-related pressures and slowing growth. Specifically, KeyBanc pointed to trends in IT back-office employment that could weigh on seat-based demand, while ServiceNow's AI monetization strategy may not fully offset those risks.

There's also the competition angle. KeyBanc warned that ServiceNow's position as an AI orchestration leader could face stronger pressure from Microsoft by 2026. The firm also noted increased inorganic spending compared to peers and expects continued revenue deceleration over the next several fiscal years, even though it maintained its revenue forecasts.

Adding to the mix, ServiceNow is reportedly in advanced talks to acquire cybersecurity firm Armis in a deal that could value the startup at up to $7 billion. If completed, it would be ServiceNow's largest acquisition to date.

Luminar's Crash Landing

Luminar Technologies Inc (LAZR) suffered a brutal day, plummeting 60.82% to $0.35. The stock hit a high of $0.90 and a low of $0.30, with its 52-week range now sitting at $0.30 to $10.40. After hours, it dropped another 9.96% to $0.32.

The LiDAR company filed for voluntary Chapter 11 bankruptcy protection to pursue a court-supervised sale of its core businesses. The filing has backing from more than 90% of first-lien and about 86% of second-lien noteholders, which tells you the creditors see this as the best path forward.

The bankruptcy underscores the strain from legacy debt and slower-than-expected LiDAR adoption across the automotive industry. Right before the filing, Luminar sold its Luminar Semiconductors subsidiary for $110 million in cash, but management said even that wasn't enough to stabilize the balance sheet. CEO Paul Ricci cited heavy debt obligations and industry headwinds as the key culprits, though the company plans to continue operations and customer deliveries during the restructuring process.

AMC Robotics Gets a Boost

AMC Robotics Corporation (AMCI) had a much better Monday, surging 31.30% to close at $10.30. The stock traded between $9.14 and $15 during the session, with a 52-week range of $5.43 to $42. After hours, reality set in a bit, with shares falling 19.8% to $8.26.

The company, previously known as AlphaVest Acquisition Corp, completed its business combination with AMC Corporation, a security and safety technology solutions company. The combined entity now trades under the ticker symbol "AMCI." These SPAC deal completions often generate initial enthusiasm before the market settles into a more realistic valuation.

iRobot's Long Run Comes to an End

iRobot Corp (IRBT) had perhaps the most dramatic collapse of the day, plunging 72.69% to $1.18. The stock ranged from $1.07 to $1.48, and its 52-week span is $1.07 to $13.06. After hours, it dropped another 9.3% to $1.07.

After 35 years in business, the Roomba maker filed for Chapter 11 bankruptcy protection and agreed to be acquired by its main manufacturer and lender, Shenzhen PICEA. The deal would take the company private, with iRobot's shares set to be delisted.

Management said the transaction is structured to sustain operations, continue product development, and meet financial obligations. But the writing has been on the wall for a while. Third-quarter 2025 sales dropped nearly 25% year over year, and cash fell to just $24.8 million by late September. CEO Gary Cohen pointed to market headwinds, production delays, and shipping disruptions as factors that increased cash burn and pressured profitability.

The financial strain intensified after a potential buyer exited talks in October, and things really went south when Amazon abandoned its planned $1.7 billion acquisition in early 2024 due to regulatory issues. That left iRobot with limited strategic options and a deteriorating financial position.

What the Data Says

For what it's worth, Ford (F) ranks in the 82nd percentile for value compared to competitors like Tesla and Rivian, according to market analysis. That suggests investors still see some upside potential even as the company recalibrates its EV strategy.

Monday's action across these five stocks illustrates the diverging paths companies are taking in response to market pressures. Some are pivoting strategies, others are facing downgrades over future competitive threats, and a few are simply running out of runway. It's a reminder that behind the relatively calm surface of the major indexes, there's always a lot more drama playing out in individual names.

Back to News

Five Stocks That Defined Monday: Bankruptcies, Buyouts, and a Lightning Strike at Ford

MarketDash Editorial Team
7 hours ago
While major indexes slipped on Monday, five companies captured investor attention for very different reasons. Ford ended production of its F-150 Lightning, ServiceNow got downgraded over AI concerns, and both Luminar and iRobot filed for bankruptcy protection as financial pressures mounted.

Monday wasn't a great day for the major indexes. The Dow Jones Industrial Average edged down 0.09% to 48,416.56, the S&P 500 slipped 0.16% to 6,816.51, and the Nasdaq dropped 0.59% to 23,057.41. But beneath those modest declines, a handful of stocks made serious moves that tell us something about where the market is heading and which companies are struggling to keep up.

Here's what caught investors' attention as Monday unfolded.

Ford Pulls the Plug on Lightning

Ford Motor Co (F) closed at $13.65, down 0.66%, with an intraday range between $13.49 and $13.81. The stock's 52-week range spans $8.44 to $13.97. After hours, shares ticked up 1.1% to $13.80.

The automaker announced it's ending production of the current generation F-150 Lightning, marking a significant shift in its electric vehicle strategy. It's not exactly a surrender, but it's definitely a recalibration. Management now expects Ford Model e, its EV division, to reach profitability by 2029, with financial improvements kicking in by 2026.

Ford is repurposing its Tennessee and Ohio facilities to expand truck and commercial vehicle operations. The Tennessee Electric Vehicle Center is getting renamed and repositioned, while the Ohio plant will become a Ford Pro hub focused on commercial vehicles. CEO Jim Farley framed the moves as customer-driven, emphasizing a push toward stronger profitability rather than chasing EV volume at any cost.

ServiceNow Takes a Hit on AI Worries

ServiceNow Inc (NOW) had a rough Monday, dropping 11.56% to close at $765.20. The stock traded between $760.53 and $803.40 during the session, and its 52-week range is $678.66 to $1,198.09.

The sell-off came after KeyBanc downgraded the stock to Underweight with a $775 price target. The analyst's concerns centered on rising AI-related pressures and slowing growth. Specifically, KeyBanc pointed to trends in IT back-office employment that could weigh on seat-based demand, while ServiceNow's AI monetization strategy may not fully offset those risks.

There's also the competition angle. KeyBanc warned that ServiceNow's position as an AI orchestration leader could face stronger pressure from Microsoft by 2026. The firm also noted increased inorganic spending compared to peers and expects continued revenue deceleration over the next several fiscal years, even though it maintained its revenue forecasts.

Adding to the mix, ServiceNow is reportedly in advanced talks to acquire cybersecurity firm Armis in a deal that could value the startup at up to $7 billion. If completed, it would be ServiceNow's largest acquisition to date.

Luminar's Crash Landing

Luminar Technologies Inc (LAZR) suffered a brutal day, plummeting 60.82% to $0.35. The stock hit a high of $0.90 and a low of $0.30, with its 52-week range now sitting at $0.30 to $10.40. After hours, it dropped another 9.96% to $0.32.

The LiDAR company filed for voluntary Chapter 11 bankruptcy protection to pursue a court-supervised sale of its core businesses. The filing has backing from more than 90% of first-lien and about 86% of second-lien noteholders, which tells you the creditors see this as the best path forward.

The bankruptcy underscores the strain from legacy debt and slower-than-expected LiDAR adoption across the automotive industry. Right before the filing, Luminar sold its Luminar Semiconductors subsidiary for $110 million in cash, but management said even that wasn't enough to stabilize the balance sheet. CEO Paul Ricci cited heavy debt obligations and industry headwinds as the key culprits, though the company plans to continue operations and customer deliveries during the restructuring process.

AMC Robotics Gets a Boost

AMC Robotics Corporation (AMCI) had a much better Monday, surging 31.30% to close at $10.30. The stock traded between $9.14 and $15 during the session, with a 52-week range of $5.43 to $42. After hours, reality set in a bit, with shares falling 19.8% to $8.26.

The company, previously known as AlphaVest Acquisition Corp, completed its business combination with AMC Corporation, a security and safety technology solutions company. The combined entity now trades under the ticker symbol "AMCI." These SPAC deal completions often generate initial enthusiasm before the market settles into a more realistic valuation.

iRobot's Long Run Comes to an End

iRobot Corp (IRBT) had perhaps the most dramatic collapse of the day, plunging 72.69% to $1.18. The stock ranged from $1.07 to $1.48, and its 52-week span is $1.07 to $13.06. After hours, it dropped another 9.3% to $1.07.

After 35 years in business, the Roomba maker filed for Chapter 11 bankruptcy protection and agreed to be acquired by its main manufacturer and lender, Shenzhen PICEA. The deal would take the company private, with iRobot's shares set to be delisted.

Management said the transaction is structured to sustain operations, continue product development, and meet financial obligations. But the writing has been on the wall for a while. Third-quarter 2025 sales dropped nearly 25% year over year, and cash fell to just $24.8 million by late September. CEO Gary Cohen pointed to market headwinds, production delays, and shipping disruptions as factors that increased cash burn and pressured profitability.

The financial strain intensified after a potential buyer exited talks in October, and things really went south when Amazon abandoned its planned $1.7 billion acquisition in early 2024 due to regulatory issues. That left iRobot with limited strategic options and a deteriorating financial position.

What the Data Says

For what it's worth, Ford (F) ranks in the 82nd percentile for value compared to competitors like Tesla and Rivian, according to market analysis. That suggests investors still see some upside potential even as the company recalibrates its EV strategy.

Monday's action across these five stocks illustrates the diverging paths companies are taking in response to market pressures. Some are pivoting strategies, others are facing downgrades over future competitive threats, and a few are simply running out of runway. It's a reminder that behind the relatively calm surface of the major indexes, there's always a lot more drama playing out in individual names.