Acuity Brands, C3.ai And Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded lower, with the Dow Jones dropping more than 100 points on Tuesday. Here are some big stocks recording losses in today’s session.

• AMC Entertainment Holdings, Inc. AMC shares dipped 23.6% to $3.9063 after the company reached a settlement with shareholders, which would allow for the conversion of preferred APE shares into common shares.
• Apollomics, Inc. APLM fell 17.7% to $24.20.
• BigBear.ai Holdings, Inc. BBAI dropped 17.5% to $2.5815.
• C3.ai, Inc. AI fell 17% to $28.12 after Kerrisdale Capital sent a letter to the company's auditor and SEC alleging accounting issues.
• GoHealth, Inc. GOCO dropped 14.2% to $14.24. Credit Suisse maintained GoHealth with an Underperform and raised the price target from $7 to $8.5.
• Gatos Silver, Inc. GATO tumbled 13.8% to $5.86. Gatos Silver said on March 31 it concluded company’s certain previously issued financial statements should no longer be relied upon for quarters ended Mar. 31, 2022, June 30, 2022 and Sept. 30, 2022.
• United Homes Group, Inc. UHG fell 13.6% to $11.77.
• SoundHound AI, Inc. SOUN fell 12.5% to $2.8099.
• Youdao, Inc. DAO fell 12.2% to $7.82.
• Acuity Brands, Inc. AYI dropped 11% to $163.15 after the company reported mixed Q2 financial results.
• Xiao-I Corporation AIXI declined 10.8% to $6.33.
• Mustang Bio, Inc. MBIO fell 10.5% to $4.36. Mustang Bio announced a 1:15 reverse stock split.
• Virgin Galactic Holdings, Inc. SPCE dropped 10.5% to $3.47. Richard Branson's satellite launch company Virgin Orbit Holdings filed for bankruptcy.
• Dyne Therapeutics, Inc. DYN fell 10.3% to $9.90.
• WeWork Inc. WE dropped 9.6% to $0.6969.
• Wallbox N.V. WBX fell 9.2% to $4.3750. Wallbox filed $100 million at-the-market equity offering program.
• The Manitowoc Company, Inc. MTW shares declined 9.2% to $15.20.
• Herc Holdings Inc. HRI dropped 8.5% to $102.81.
• Titan Machinery Inc. TITN fell 6.7% to $28.16.

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