TreeHouse Foods, Ritchie Bros. Auctioneers, Beam Therapeutics And Some Other Big Stocks Moving Lower On Monday

U.S. stocks traded mostly higher, with the Dow Jones gaining more than 150 points on Monday. Here are some big stocks recording losses in today’s session.

• Huadi International Group Co., Ltd. HUDI shares tumbled 88.4% to $20.82 after the company reported pricing of $25 million registered direct offering.
• Verve Therapeutics, Inc. VERV dipped 27.6% to $22.66 after the company reported its VERVE-101 IND application was placed on hold by the FDA. The company also reported Q3 earnings results.
• Ritchie Bros. Auctioneers Incorporated RBA fell 19% to $50.44 after the company announced it will acquire IAA in a stock and cash transaction valued at roughly $7.3 billion.
• First Watch Restaurant Group, Inc. FWRG dropped 18.4% to $13.20 after the company posted Q3 results.
• Carvana Co. CVNA declined 14.4% to $7.50 on continued weakness after the company reported worse-than-expected Q3 financial results last Thursday. The company reported a year-over-year decrease in both revenue and retail units sold.
• LSB Industries, Inc. LXU fell 14.4% to $14.20 after the company announced a secondary offering of 14.35 million shares of common stock by a selling stockholder with the company repurchasing 3.5 million of the shares.
• Redfin Corporation RDFN dropped 13.5% to $3.4750 after Oppenheimer downgraded the stock from Perform to Underperform.
• Ruth's Hospitality Group, Inc. RUTH declined 12% to $16.68. Raymond James downgraded Ruth's Hospitality Group from Strong Buy to Market Perform.
• Beam Therapeutics Inc. BEAM dropped 11.3% to $37.96 after the company reported a wider Q3 loss.
• HireRight Holdings Corporation HRT dropped 11.3% to $7.08. HireRight Holdings recently reported worse-than-expected Q3 sales results.
• Palantir Technologies Inc. PLTR dipped 9.6% to $7.16 after the company reported worse-than-expected Q3 EPS results.
• Choice Hotels International, Inc. CHH dropped 9.1% to $116.68 after the company reported worse-than-expected Q3 EPS results.
• TreeHouse Foods, Inc. THS fell 7.6% to $44.88 after the company reported Q3 financial results.
• Shift4 Payments, Inc. FOUR declined 7.5% to $37.13. Shift4 Payments reported third-quarter FY22 gross revenue growth of 45% year-on-year to $547.3 million, missing the consensus of $550.4 million.
• Expedia Group, Inc. EXPE fell 6.8% to $86.32. Expedia recently reported better-than-expected Q3 EPS and sales results.
• FAT Brands Inc. FAT shares fell 5.1% to $7.31. FAT Brands announced withdrawal of proposed common stock offering.