PNC Financial, bluebird bio And Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded lower, with the Dow Jones dropping around 300 points on Wednesday. Here are some big stocks recording losses in today’s session.

• Arrival ARVL shares dropped 20.5% to $0.4850.
• Marathon Digital Holdings, Inc. MARA declined 16.4% to $7.01.
• Hut 8 Mining Corp. HUT fell 16.4% to $1.5390.
• OneConnect Financial Technology Co., Ltd. OCFT dropped 13.3% to $8.25.
• EHang Holdings Limited EH shares declined 13% to $11.82.
• Gorilla Technology Group Inc. GRRR fell 12.7% to $5.70.
• Bright Health Group, Inc. BHG declined 12.5% to $0.9095. Bright Health Group recently announced it increased 2023 Enterprise Revenue guidance to $3.4 - $3.6 billion.
• Chegg, Inc. CHGG fell 12.2% to $21.45. Needham downgraded Chegg from Buy to Hold.
• BIT Mining Limited BTCM declined 12.2% to $3.83.
• Full Truck Alliance Co. Ltd. YMM dipped 11.8% to $8.48.
• Riot Platforms, Inc. RIOT dropped 11.4% to $5.68.
• Clear Secure, Inc. YOU fell 11.4% to $27.16.
• MicroStrategy Incorporated MSTR dropped 10.7% to $210.52.
• Arqit Quantum Inc. ARQQ fell 10.5% to $2.5950.
• bluebird bio, Inc. BLUE dropped 9.9% to $6.56 after the company announced a proposed public offering of common stock.
• Nicolet Bankshares, Inc. NIC fell 8.3% to $72.25.
• YETI Holdings, Inc. YETI dropped 7.9% to $41.63. Cowen & Co. downgraded YETI Holdings from Outperform to Market Perform and announced a $47 price target.
• The PNC Financial Services Group, Inc. PNC fell 5.4% to $153.15 after the company reported worse-than-expected earnings results.
• The Charles Schwab Corporation SCHW dropped 3.4% to $80.69 after the company reported Q4 and FY22 financial results.

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