United Natural Foods, Ollie's Bargain, Smith & Wesson Brands And Some Other Big Stocks Moving Lower On Wednesday

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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