Monday was a somewhat upbeat day on Wall Street, although most major indexes didn't manage to post huge gains from where they began the first trading session of the week. Earnings season has continued to produce a wide variety of results from different companies, and without clear trends emerging from corporate America, many investors are having trouble figuring out how the U.S. economy is likely to look in the future. Some companies had disappointing news that led to share-price declines. Innovative Industrial Properties (NYSE:IIPR), Paysign (NASDAQ:PAYS), and Cadence Bancorporation (NYSE:CADE) were among the worst performers. Here's why they did so poorly.

Innovative Industrial loses its high

Shares of Innovative Industrial Properties fell more than 8%, continuing their downturn from last week. The cannabis-related real estate investment trust saw its stock start to lose ground when it announced a secondary public offering, raising almost $164 million in capital to fund its future expansion plans. Fears about diluting future profits weighed on the stock, even though the fact that investors were willing to pay a solid price for a large amount of new shares should have been encouraging. If Innovative Industrial can show that it'll use its newfound capital wisely, then it could regain its recent losses in its stock price and keep climbing over the long haul.

Marijuana leaf on top of a pile of $100 bills.

Image source: Getty Images.

Paysign gets another downgrade

Prepaid debit card provider Paysign saw its stock plunge 22%, responding negatively to another downgrade from analysts at BTIG. Paysign got its rating cut from neutral to sell, with BTIG once again citing the huge rise in the company's stock price that in the analysts' view has gotten ahead of its fundamental business. The move follows similar comments from BTIG a month ago, when it cut its rating from buy to neutral. Even after today's drop, Paysign stock has still almost quadrupled since early this year.

Cadence disappoints

Finally, shares of Cadence Bancorporation plummeted 19%. The Houston-based bank said that net income was roughly flat in the second quarter of 2019 compared to the year-earlier period as Cadence worked hard to integrate the assets and deposits of its recent acquisition of State Bank & Trust. That move has dramatically increased Cadence's exposure to Georgia, but it's also had to deal with a less favorable interest rate environment, as well as weaker creditworthiness among its customers. The drop pushed Cadence's stock to its lowest level since the bank's 2017 IPO, but shareholders hope that the bank will be able to get things right in the near future.

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