AngioDynamics, Ingevity, Levi Strauss And Other Big Stocks Moving Lower On Thursday

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.

Shares of AngioDynamics, Inc. ANGO fell sharply during Thursday's session following first-quarter results.

AngioDynamics posted first-quarter adjusted loss of 11 cents per share, compared to market estimates of a loss of 15 cents per share. The company's quarterly sales came in at $67.491 million versus expectations of $67.933 million.

AngioDynamics shares dipped 15.6% to $6.45 on Thursday.

Here are some other big stocks recording losses in today's session.

• Youdao, Inc. DAO shares dipped 14.6% to $5.08.
• Ingevity Corporation NGVT shares declined 12.6% to $32.74 as the company said John Fortson has departed as president and CEO and from the board of directors of the company, effective as of Oct. 2.
• Hims & Hers Health, Inc. HIMS fell 11.1% to $16.85 in possible sympathy with Eli Lilly after the FDA announced their weight-loss drug shortage has ended.
• Levi Strauss & Co. LEVI declined 9.1% to $19.14 after the company reported worse-than-expected third-quarter sales results and issued its FY24 adjusted EPS guidance with its midpoint below estimates. The company began a strategic review for its Dockers brand and is exploring a potential sale or other strategic transactions.
• Joby Aviation, Inc. JOBY dipped 8.8% to $5.59. Toyota announced plans to invest $500 million in Joby Aviation.
• Bilibili Inc. BILI shares fell 8.2% to $27.23. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength. These companies rallied after the People’s Bank of China announced a new stimulus package ahead of the Golden Week holidays.
• Wolfspeed, Inc. WOLF dipped 7.5% to $8.45 after Mizuho downgraded the stock from Neutral to Underperform and cut its price target from $17 to $8.
• GDS Holdings Limited GDS fell 6.4% to $21.51.
• Weibo Corporation WB dipped 5% to $10.65. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength.
• Baidu, Inc. BIDU fell 4% to $110.49. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength.

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