U.S. stocks closed higher with the Nasdaq Composite gaining 50 points on Wednesday. Here is the list of some big stocks moving lower in the previous session.
- Starbox Group Holdings Ltd. (NASDAQ: STBX) shares declined 36.2% to settle at $9.83 on Wednesday after jumping 285% on Tuesday. Starbox Group priced 5 million share IPO at $4.00 per share.
- WeTrade Group, Inc. (NASDAQ: WETG) fell 20.8% to close at $2.55. WeTrade recently entered into strategic partnership with Guyguide to exclusively design and provide Monkeypox testing kits and insurance coverage products for traveling packages to US, Canada, Australia and European countries.
- Nordstrom, Inc. (NYSE: JWN) tumbled 20% to close at $18.57. Nordstrom reported better-than-expected results for its second quarter, but lowered its FY22 outlook.
- Citi Trends, Inc. (NASDAQ: CTRN) declined 18.8% to close at $24.82 after the company reported worse-than-expected Q2 results.
- ScanSource, Inc. (NASDAQ: SCSC) fell 16.8% to close at $28.40 after the company posted downbeat Q4 earnings.
- Caleres, Inc. (NYSE: CAL) fell 15.5% to settle at $25.16 following Q2 results.
- Summit Therapeutics Inc. (NASDAQ: SMMT) declined 15% to close at $1.30.
- Janux Therapeutics, Inc. (NASDAQ: JANX) dropped 13.1% to settle at $12.68.
- Revlon, Inc. (NYSE: REV) fell 11.6% to close at $6.80 following a Bloomberg report suggesting the Revlon bankruptcy judge rejected the shareholder plea for a bankruptcy committee.
- Nutex Health, Inc. (NASDAQ: NUTX) fell 10.3% to close at $3.06. Nutex Health recently posted a Q2 loss of $0.03 per share.
- Omeros Corporation (NASDAQ: OMER) fell 9.9% to close at $4.3150.
- Advance Auto Parts, Inc. (NYSE: AAP) dipped 9.6% to close at $179.91 after the company reported worse-than-expected Q2 results and issued FY22 guidance.
- ZTO Express (Cayman) Inc. (NYSE: ZTO) dropped 9.1% to close at $24.32 after the company announced a proposed offering of $870 million convertible senior notes.
- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) declined 8.8% to settle at $14.34 after the company reported worse-than-expected Q2 EPS and sales results. The company also issued FY22 EPS and sales guidance below analyst estimates.
- Shoe Carnival (NYSE:CCL), Inc. (NASDAQ: SCVL) dipped 8.7% to close at $22.60. Shoe Carnival is expected to announce Q2 earnings results on Thursday, August 25, 2022.
- Aehr Test Systems (NASDAQ: AEHR) fell 8.6% to settle at $16.65.
- Pagaya Technologies Ltd. (NASDAQ: PGY) fell 8.3% to close at $14.36 as the stock continued to sell off following its late-July surge.
- Apellis Pharmaceuticals, Inc. (NASDAQ: APLS) dropped 7.9% to settle at $61.12. Apellis Pharmaceuticals revealed top-line data readout at 24 months showing increased effects over time with intravitreal pegcetacoplan in the Phase 3 DERBY and OAKS studies in geographic atrophy (GA) secondary to age-related macular degeneration (AMD).
- Chico's FAS, Inc. (NYSE: CHS) fell 7.5% to close at $6.39. Chico's FAS is expected to report Q2 results on Wednesday, August 31, 2022.
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