Why International Flavors & Fragrances, Tower Semiconductor, and Dentsply Sirona Slumped Today

Monday was a positive day on Wall Street, with market participants being generally pleased with news that crude oil pushed above the $70-per-barrel mark before falling slightly below it. That helped lift the energy sector up, although some other concerns held back certain other sectors, limiting gains in most major indexes to less than 1% on the day.

Moreover, some companies made announcements that were ill-received by the market. International Flavors & Fragrances (NYSE: IFF), Tower Semiconductor (NASDAQ: TSEM), and Dentsply Sirona (NASDAQ: XRAY)were among the worst performers on the day. Here's why they did so poorly.