U.S. stocks traded mostly lower, with the Nasdaq Composite dropping over 60 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Carvana Co. CVNA dipped 44.2% to $3.7422 following a downgrade from Wedbush. Reports indicate that some of the company's largest creditors have signed a pact to prevent a potential creditor fight.
- Mirati Therapeutics, Inc. MRTX shares tumbled 19.9% to $57.32. Mirati Therapeutics recently announced late-breaking results evaluating concurrent adagrasib and pembrolizumab in first-line advanced/metastatic non-small cell lung cancer.
- The Lovesac Company LOVE declined 15.3% to $19.05 after the company reported Q3 financial results.
- Avid Bioservices, Inc. CDMO dropped 15.3% to $12.60 after the company posted a loss for the second quarter.
- Smith & Wesson Brands, Inc. SWBI fell 15% to $10.03 after the company reported worse-than-expected Q2 EPS and sales results.
- DoubleDown Interactive Co., Ltd. DDI dropped 12.8% to $9.25.
- Uniti Group Inc. UNIT fell 12.7% to $6.15.
- Skillsoft Corp. SKIL dropped 12.3% to $1.6750 following weak quarterly sales.
- Syndax Pharmaceuticals, Inc. SNDX declined 11.8% to $21.33 after the company priced a roughly 6.8 million public share offering of common stock at $22 per share.
- EZCORP, Inc. EZPW fell 11.6% to $9.34 after the company announced a private offering of $175,000,000 of convertible senior notes due 2029.
- Pagaya Technologies Ltd. PGY dropped 11.6% to $0.75.
- Zuora, Inc. ZUO fell 11.5% to $6.38 after the company issued weak revenue forecast.
- Niu Technologies NIU fell 11.5% to $4.46 after surging around 15% on Tuesday. Niu Technologies recently reported worse-than-expected Q3 EPS results.
- United Natural Foods, Inc. UNFI dropped 11.5% to $40.33 following downbeat quarterly earnings.
- Ollie's Bargain Outlet Holdings, Inc. OLLI fell 10.7% to $51.53 after the company reported Q3 EPS and sales results and issued FY22 guidance.
- MINISO Group Holding Limited MNSO declined 9.3% to $10.48.
- Gannett Co., Inc. GCI fell 8.5% to $2.5325.
- M&T Bank Corporation MTB dropped 7.9% to $147.63 after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $215 to $180.
- Butterfly Network, Inc. BFLY fell 6.5% to $2.88 after the company reported CEO transition.
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CVNACarvana Co
$188.40-12.7%
DDIDoubleDown Interactive Co Ltd
$10.285.11%
EZPWEZCORP Inc
$13.340.38%
GCIGannett Co Inc
$3.54-4.32%
LOVEThe Lovesac Co
$18.01-5.81%
MNSOMINISO Group Holding Ltd
$19.50-3.37%
MTBM&T Bank Corp
$177.03-0.66%
NIUNiu Technologies
$2.532.02%
OLLIOllie's Bargain Outlet Holdings Inc
$105.25-0.12%
PGYPagaya Technologies Ltd
$10.77-6.49%
SKILSkillsoft Corp
$21.78-5.02%
SNDXSyndax Pharmaceuticals Inc
$14.29-1.31%
SWBISmith & Wesson Brands Inc
$10.17-5.83%
UNFIUnited Natural Foods Inc
$28.000.04%
UNITUniti Group Inc
$5.22-1.14%
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