Perrigo, Tripadvisor, Lyft, And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Tuesday. Here are some big stocks recording losses in today’s session.

• NanoString Technologies, Inc. NSTG shares tumbled 47.5% to $4.84 after the company reported worse-than-expected Q3 results.
• Bioventus IncBVS fell 45.1% to $3.8750 after the company reported downbeat Q3 results and lowered FY22 guidance.
• R1 RCM Inc. RCM dropped 44.2% to $8.23 after the company reported worse-than-expected Q3 EPS and sales results and cut FY22 revenue guidance below estimates.
• Unisys Corporation UIS fell 41.2% to $5.27 following downbeat quarterly sales.
• The Pennant Group, Inc. PNTG fell 27.2% to $9.87 following downbeat quarterly earnings.
• Clarus Corporation CLAR dropped 24.9% to $8.27 after the company reported worse-than-expected Q3 results and issued FY22 guidance below estimates.
• Tripadvisor, Inc. TRIP shares fell 21.8% to $18.61 after the company reported worse-than-expected Q3 EPS results.
• Lyft, Inc. LYFT shares fell 20.2% to $11.29 after the company reported worse-than-expected Q3 sales results and issued Q4 sales guidance below analyst estimates. Evercore ISI Group downgraded Lyft from Outperform to In-Line and lowered the price target from $41 to $18.
• Akoya Biosciences, Inc. AKYA fell 18.3% to $10.63 as the company posted a wider-than-expected quarterly loss.
• MeridianLink, Inc. MLNK fell 17.9% to $13.24 after reporting a loss for the tird quarter.
• Ocular Therapeutix, Inc. OCUL dipped 17.8% to $2.9199 following Q3 loss.
• Marinus Pharmaceuticals, Inc. MRNS dropped 17.8% to $4.61 after the company reported Q3 financial results.
• MicroStrategy Incorporated MSTR dropped 14.5% to $228.00 in sympathy with the price of Bitcoin and Ethereum.
• Silvergate Capital Corporation SI declined 14.4% to $43.59. Silvergate announced changes to its executive team.
• Perrigo Company plc PRGO dropped 14.1% to $33.75 as the company lowered FY22 profit forecast.
• Lumentum Holdings Inc. LITE fell 13.8% to $60.62 after the company issued Q3 EPS and sales guidance below estimates.
• Take-Two Interactive Software, Inc. TTWO fell 12.2% to $95.13 after the company reported worse-than-expected Q2 results and issued weak FY23 guidance.
• SI-BONE, Inc. SIBN dipped 12.1% to $14.73 following Q3 results.
• FibroGen, Inc. FGEN fell 11.8% to $14.24 following weak quarterly results.
• Ramaco Resources, Inc. METC shares fell 11.2% to $11.07 after the company reported worse-than-expected Q3 results.
• Sabra Health Care REIT, Inc. SBRA dipped 10.4% to $12.30 following Q3 results.
• Coinbase Global, Inc. COIN dropped 10.2% to $51.17. Crypto-related stocks dropped sharply amid marked, ongoing volatility in the broader crypto space amid reports of a possible bankruptcy of popular cryptocurrency exchange FTX.
• James Hardie Industries plc JHX fell 9.4% to $19.33 following Q2 results.
• ShockWave Medical, Inc. SWAV declined 9.2% to $251.84 following Q3 results.
• Aurora Innovation, Inc. AUR dropped 8.4% to $1.6850.
• DigitalOcean Holdings, Inc. DOCN fell 6.6% to $27.46 after the company issued a weak forecast for the fourth quarter.
• Robinhood Markets, Inc. HOOD dropped 6.3% to $11.27. Crypto-related stocks dropped amid marked, ongoing volatility in the broader crypto space amid reports of a possible bankruptcy of popular cryptocurrency exchange FTX.