BJ's Wholesale, Kingsoft Cloud, Zoom Video And Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded mixed, with the Nasdaq Composite dropping around 30 points on Tuesday. Here are some big stocks recording losses in today’s session.

• Microvast Holdings, Inc. MVST tumbled 22.3% to $1.71 after the US Energy Department reportedly cancelled contract negotiations for a $200 million award for the company.
• Achieve Life Sciences, Inc. ACHV dropped 14.7% to $6.95 as the company reported topline results from Phase 3 ORCA-3 trial of cytisinicline.
• Integra LifeSciences Holdings Corporation IART dropped 13.5% to $43.87 after the company announced it initiated a voluntary global recall of all products manufactured in its Boston facility distributed between March 1, 2018 and May 22, 2023.
• Voyager Therapeutics, Inc. VYGR dipped 10.6% to $12.37.
• Kingsoft Cloud Holdings Limited KC fell 10% to $4.2750 following weak quarterly results.
• Alvotech ALVO fell 7.1% to $7.91. Alvotech recently posted a wider loss for the first quarter.
• Zoom Video Communications, Inc. ZM dipped 7% to $66.42. Zoom Video reported better-than-expected results for its first quarter and raised its full-year sales outlook.
• BJ's Wholesale Club Holdings, Inc. BJ fell 6.4% to $65.18 following weak quarterly sales.
• ZIM Integrated Shipping Services Ltd. ZIM dropped 5.4% to $13.89. ZIM Integrated Shipping recently reported a loss for the first quarter.
• Qurate Retail, Inc. QRTEB fell 5% to $5.13.
• Tyra Biosciences, Inc. TYRA dropped 4.7% to $13.81.
• WeWork Inc. WE fell 4.7% to $0.1993.
• HEICO Corporation HEI dropped 4.3% to $171.34. Heico posted upbeat second-quarter results.
• Willis Towers Watson Public Limited Company WTW fell 3.3% to $222.34. BMO Capital maintained Willis Towers Watson with a Market Perform and lowered the price target from $260 to $230.

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