Why is Holley stock sliding today?

Recent market activity shows a downward trend for several companies. Holley stock is currently sliding, reflecting a decline in its market value. Similarly, Fermi America is experiencing a stock slide, indicating negative price movement for the firm. Cabaletta Bio is also seeing its stock slide today. These three distinct entities are all facing simultaneous decreases in their share prices, though the specific drivers for each individual decline are not detailed across the provided reports.