U.S. stocks closed lower on Monday, with the Nasdaq dropping more than 100 points. Here is the list of some big stocks recording losses in the previous session.
- Grindr Inc. GRND shares dipped 46% to close at $19.71. Grindr shares jumped around 214% on Friday after the stock began trading following the completion of its combination with Tiga Acquisition Corp.
- Satixfy Communications Ltd. SATX dropped 27.3% to close at $31.15 amid possible profit taking after the stock experienced a surge last week.
- Acrivon Therapeutics, Inc. ACRV dropped 20.7% to close at $12.51. Acrivon Therapeutics recently announced pricing of initial public offering.
- Entrada Therapeutics, Inc. TRDA fell 19.3% to close at $14.42. Entrada Therapeutics recently posted a Q3 loss of $0.80 per share.
- Nine Energy Service, Inc. NINE dropped 17.9% to close at $8.43.
- Marathon Digital Holdings, Inc. MARA fell 17.1% to close at $6.19.
- Vigil Neuroscience, Inc. VIGL fell 17% to close at $10.79.
- Zhihu Inc. ZH fell 16.8% to close at $1.04.
- Arvinas, Inc. ARVN dipped 16% to close at $43.08.
- SoundHound AI, Inc. SOUN fell 15.6% to close at $1.62. SoundHound recently reported better-than-expected Q3 EPS and sales results.
- OneConnect Financial Technology Co., Ltd. OCFT dropped 14.7% to settle at $0.6651.
- DouYu International Holdings Limited DOYU dipped 14.4% to close at $1.13. DouYu International reported a third-quarter FY22 revenue decline of 23.4% to $252.8 million year-on-year, beating the consensus of $249 million.
- Consensus Cloud Solutions, Inc. CCSI dropped 14% to close at $53.49. JP Morgan initiated coverage on Consensus Cloud Solutions with a Neutral rating and announced Price Target of $54.
- Carvana Co. CVNA fell 12.5% to close at $7.05 after Argus Research downgraded the stock from Hold to Sell. Also, the company last Friday announced a workforce reduction of approximately 1,500 employees.
- Prelude Therapeutics Incorporated PRLD fell 12.2% to close at $6.53. B of A Securities downgraded Prelude Therapeutics from Neutral to Underperform and announced a $6 price target.
- Riot Blockchain, Inc. RIOT dipped 10.8% to close at $3.98. Shares of crypto-related stocks traded lower amid continued weakness in cryptocurrencies following the recent FTX bankruptcy.
- Lufax Holding Ltd LU fell 10.6% to close at $1.68.
- NextNav Inc. NN declined 10.3% to settle at $3.13.
- Satellogic Inc. SATL dropped 10.1% to close at $4.38.
- Redfin Corporation RDFN fell 9.4% to close at $4.61.
- Crocs, Inc. CROX dropped 8.7% to close at $92.57. Crocs CEO Andrew Rees sold a total of 10,000 shares at an average price of $100.55
- Nabors Industries Ltd. NBR fell 8% to close at $156.56.
- Select Energy Services, Inc. WTTR fell 7.1% to close at $8.07.
- Helmerich & Payne, Inc. HP fell 4.6% to close at $51.24. Morgan Stanley maintained Helmerich & Payne with an Equal-Weight and raised the price target from $55 to $60.