U.S. stocks closed mixed with the Nasdaq Composite dropping more than 100 points on Tuesday. Here is the list of some big stocks recording losses in the previous session.
- AZZ Inc. AZZ shares dipped 22.1% to close at $30.41 after the company reported worse-than-expected Q2 adjusted EPS results. The company said it will not issue full-year fiscal year 2023 guidance at this time.
- Orthofix Medical Inc. OFIX shares fell 19.2% to close at $14.87 after the company and SeaSpine announced they will combine in a merger of equals. The company also announced preliminary Q3 net sales.
- Lyft, Inc. LYFT declined 12% to close at $11.27 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
- ACM Research, Inc. ACMR slipped 11.8% to close at $7.97. Jefferies downgraded ACM Research from Buy to Underperform and lowered the price target from $33.67 to $8.
- AN2 Therapeutics, Inc. ANTX dropped 11.5% to close at $17.43.
- Trip.com Group Limited TCOM declined 11.2% to close at $23.63.
- HilleVax, Inc. HLVX fell 10.6% to close at $15.56.
- Uber Technologies, Inc. UBER dropped 10.4% to close at $24.66 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
- IAC Inc. IAC fell 10.4% to settle at $49.83.
- Zymeworks Inc. ZYME shares declined 10.4% to close at $5.35.
- Angi Inc. ANGI fell 10.2% to settle at $2.65. Angi named Joey Levin as CEO.
- Skillz Inc. SKLZ dropped 9.9% to close at $0.9367.
- Grid Dynamics Holdings, Inc. GDYN declined 9.8% to close at $14.00.
- LivaNova PLC LIVN dropped 9.7% to settle at $44.18.
- Infinera Corporation INFN declined 9.1% to close at $4.39. Morgan Stanley maintained Infinera with an Equal-Weight and lowered the price target from $7.5 to $5.
- Leggett & Platt, Incorporated LEG fell 7.2% to close at $32.17 as the company lowered its earnings and sales projections for full year 2022.
- Wynn Resorts, Limited WYNN fell 7% to close at $59.64.
- Netflix, Inc. NFLX dipped 6.8% to close at $214.29.
- Pinterest, Inc. PINS fell 6.7% to close at $22.99. Credit Suisse maintained Pinterest with a Neutral and lowered the price target from $26 to $25.
- SunPower Corporation SPWR fell 5.4% to close at $20.31 after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $22 to $18.
ANGIAngi Inc
$1.60-3.03%
ANTXAN2 Therapeutics Inc
$1.40-%
AZZAZZ Inc
$82.250.73%
GDYNGrid Dynamics Holdings Inc
$20.570.73%
HLVXHilleVax Inc
$1.912.69%
IACIAC Inc
$42.57-0.09%
INFNInfinera Corp
$6.620.46%
LEGLeggett & Platt Inc
$9.75-0.31%
LIVNLivaNova PLC
$46.75-0.51%
LYFTLyft Inc
$13.891.30%
NFLXNetflix Inc
$933.752.45%
OFIXOrthofix Medical Inc
$17.340.06%
PINSPinterest Inc
$29.901.46%
SKLZSkillz Inc
$4.8410.3%
TCOMTrip.com Group Ltd
$72.29-1.00%
UBERUber Technologies Inc
$61.70-0.28%
WYNNWynn Resorts Ltd
$88.800.78%
ZYMEZymeworks Inc
$14.310.21%
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