Foot Locker, Peloton Interactive And Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Wednesday. Here are some big stocks recording losses in today’s session.

• Foot Locker, Inc. FL shares tumbled 34.4% to $15.18 after the company reported a second-quarter revenue miss and an 11% rise in inventories. The company also lowered its gross margin guidance, citing more aggressive markdowns.
• Peloton Interactive, Inc. PTON fell 23.6% to $5.34 after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers. The company also issued soft Q1 revenue guidance.
• Tivic Health Systems, Inc. TIVC tumbled 23.1% to $3.02 after the company announced a 1-for-100 reverse stock split.
• AMC Entertainment Holdings, Inc. AMC declined 17.6% to $2.1001 ahead of a 10-to-1 reverse stock split scheduled to take effect Thursday. AMC Preferred Equity Units will be converted to AMC common stock the following day.
• The Growth for Good Acquisition Corporation GFGD fell 11.1% to $9.40.
• Definitive Healthcare Corp. DH dipped 9.7% to $9.18.
• Lancaster Colony Corporation LANC fell 9.6% to $165.25 after the company reported worse-than-expected fourth-quarter results.
• Premier, Inc. PINC shares declined 8.1% to $22.09. Premier reported fourth-quarter 2023 revenue of $340.4 million, missing the consensus of $356.3 million.
• CompX International Inc. CIX fell 7.6% to $23.21.
• iQIYI, Inc. IQ fell 7.3% to $4.5350. HSBC and Benchmark lowered their price targets on the stock.
• CVR Energy, Inc. CVI declined 7.2% to $32.17. CARL ICAHN, 10% owner at CVR Energy, reported a large insider sell on Aug. 22, according to a new SEC filing.
• Agiliti, Inc. AGTI fell 6.7% to $10.02. Agiliti recently announced a $50 million share repurchase plan over a 12-month period.
• NIKE, Inc. NKE fell 4% to $97.39 in sympathy with Foot Locker, which reported a second-quarter revenue miss and lowered its guidance.

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