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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