U.S. stocks closed lower on Wednesday, with the Dow Jones dipping more than 600 points. Here is the list of some big stocks recording losses in the previous session.
- Chart Industries, Inc. GTLS fell 35.6% to close at $154.31 after the company announced it will acquire Howden for $4.4 billion in cash and stock.
- LifeStance Health Group, Inc. LFST declined 28.9% to settle at $5.09 after the company issued Q4 and FY22 guidance below estimates.
- Affirm Holdings, Inc. AFRM fell 22.6% to close at $12.10 after the company reported weaker-than-expected Q1 earnings and issued FY23 sales guidance below analyst estimates.
- GoodRx Holdings, Inc. GDRX dropped 22.5% to close at $4.06 after the company issued Q4 sales guidance below analyst estimates.
- Roblox Corporation RBLX fell 21% to close at $30.92 after the company reported worse-than-expected Q3 EPS and sales results.
- MicroStrategy Incorporated MSTR dropped 19.6% to close at $170.36. Shares of several crypto-related companies traded lower following a CoinDesk report suggesting Binance is leaning toward scrapping the FTX acquisition.
- Viasat, Inc. VSAT fell 19.3% to close at $29.68 after the company reported worse-than-expected Q2 results.
- Banco Bradesco S.A. BBD dropped 18.6% to close at $2.94. B of A Securities downgraded Bank Bradesco from Buy to Neutral.
- Lucid Group, Inc. LCID dipped 17% to close at $11.21 after the company reported downbeat Q3 results.
- Sterling Check Corp. STER fell 16.8% to close at $12.26 after the company reported worse-than-expected Q3 adjusted EPS results and lowered FY22 sales guidance.
- Banco Bradesco S.A. BBDO dropped 16.7% to close at $2.54.
- Mirum Pharmaceuticals, Inc. MIRM fell 16.4% to close at $20.02 following Q3 results.
- Absolute Software Corporation ABST fell 15.9% to close at $8.79 following weaker-than-expected Q1 results.
- QuantumScape Corporation QS dropped 15% to settle at $6.74.
- XPeng Inc. XPEV fell 14.7% to close at $6.67.
- TaskUs, Inc. TASK dropped 14% to settle at $18.92.
- Robinhood Markets, Inc. HOOD fell 13.8% to close at $8.40. Shares of several crypto-related companies traded lower following a CoinDesk report suggesting Binance is leaning toward scrapping the FTX acquisition.
- The Walt Disney Company DIS fell 13.2% to close at $86.75 after the company reported weaker-than-expected results for its fourth quarter. The company also said average monthly revenue per paid global Disney+ subscriber declined 5% year over year.
- Sea Limited SE fell 13.1% to close at $40.92.
- Darling Ingredients Inc. DAR dropped 13% to close at $70.94 after the company reported worse-than-expected Q3 EPS results.
- Natera, Inc. NTRA fell 12.7% to close at $37.07. Natera reported better-than-expected Q3 results.
- NIO Inc. NIO dipped 12.4% to close at $9.25.
- Peloton Interactive, Inc. PTON fell 10.6% to close at $8.56.
- Upstart Holdings, Inc. UPST shares fell 10.4% to close at $17.06 after the company reported worse-than-expected Q3 results. The company also issued Q4 sales guidance below analyst estimates.
- AerSale Corporation ASLE declined 9.7% to close at $17.15 after the company reported worse-than-expected Q3 EPS and sales results.
- Zoom Video Communications, Inc. ZM dropped 8.3% to close at $71.84.
- GameStop Corp. GME fell 8.1% to close at $23.11.
- CarGurus, Inc. CARG shares declined 7.9% to close at $12.67 after the company reported worse-than-expected Q3 results. The company also issued Q4 and FY22 EPS and sales guidance below analyst estimates.
- Tidewater Inc. TDW fell 6.8% to close at $31.04 after the company reported pricing of $120.63 million public offering of 3,987,914 shares of common stock at a price of $30.25 per share.