Credit Suisse, Lufax And Some Other Big Stocks Moving Higher On Friday

U.S. stocks traded mixed, with the Nasdaq Composite dropping around 50 points on Friday. Here are some big stocks recording losses in today’s session.

• Lufax Holding Ltd LU shares fell 22.9% to $1.35 after the company posted weaker-than-expected earnings for its third quarter. JP Morgan and Credit Suisse downgraded the stock to bearish ratings.
• Super Group (SGHC) Limited SGHC fell 10.7% to $3.23. The company recently posted in-line quarterly earnings.
• Livent Corporation LTHM dropped 9.6% to $26.66. The company recently posted upbeat quarterly earnings.
• Piedmont Lithium Inc. PLL fell 9.4% to $52.82.
• Full Truck Alliance Co. Ltd. YMM fell 9.3% to $6.30. Full Truck Alliance recently reported better-than-expected Q3 results.
• Kingsoft Cloud Holdings Limited KC fell 9.1% to $2.5087. Kingsoft Cloud recently reported a third-quarter FY22 revenue decline of 18.4% year-on-year to $276.8 million, missing the consensus of $313.2 million.
• Blend Labs, Inc. BLND dropped 8.3% to $1.3750.
• Satixfy Communications Ltd. SATX fell 7.5% to $23.05.
• Lithium Americas Corp. LAC declined 7.2% to $24.51.
• Credit Suisse Group AG CS dropped 6.8% to $3.5690. Credit Suisse Group on Wednesday flagged a massive loss for the fourth quarter, as it goes about setting its house in order. Shareholders of embattled Credit Suisse approved a proposal to issue new equity on Wednesday.