American Airlines, Cutera, Mirum Pharmaceuticals And Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded mixed, with the Dow Jones gaining over 50 points on Wednesday. Here are some big stocks recording losses in today’s session.

• Cutera, Inc. CUTR shares dipped 26.5% to $19.89 after the company announced the immediate terminations of Executive Chairman Daniel Plants and CEO David Mowry for cause and withdrew 2023 outlook.
• NaaS Technology Inc. NAAS dropped 19.1% to $8.51.
• ContextLogic Inc. WISH fell 17.5% to $8.09. ContextLogic, on Tuesday, announced a 1-for-30 reverse stock split.
• Nutex Health Inc. NUTX dropped 12.1% to $0.8401. Nutex Health recently entered into a $100 million pre-paid advance agreement with Yorkville Advisors Global.
• Cirrus Logic, Inc. CRUS declined 10.8% to $90.79.
• Mirum Pharmaceuticals, Inc. MIRM dropped 9.6% to $22.59 after the company announced preliminary Q1 financial results and a proposed convertible senior notes offering.
• Peloton Interactive, Inc. PTON dipped 8.8% to $10.48.
• American Airlines Group Inc. AAL fell 8.1% to $13.15 after the company issued preliminary results below analyst expectations.
• Symbotic Inc. SYM dropped 7.9% to $25.64.
• Eos Energy Enterprises, Inc. EOSE fell 7.5% to $2.8950 after the company reported $40 million registered direct offering and concurrent private placement.
• AudioCodes Ltd. AUDC dropped 7.4% to $10.98. B of A Securities downgraded AudioCodes from Neutral to Underperform and lowered the price target from $22 to $9.5.
• Vitesse Energy, Inc. VTS dropped 7.3% to $19.13. Northland Capital Markets downgraded Vitesse Energy from Outperform to Market Perform and announced a $23 price target.
• United Airlines Holdings, Inc. UAL fell 6.7% to $41.35.
• CarMax, Inc. KMX dropped 6% to $67.87. CarMax, on Tuesday, reported a fourth-quarter 2023 net revenue decline of 25.6% year-on-year to $5.72 billion, missing the consensus of $6.04 billion.

Check This Out: These 3 Health Care Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts