Benzinga - U.S. stocks traded lower, with the Dow Jones dropping around 75 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Capri Holdings Limited (NYSE: CPRI) dropped 24% to $50.41 after reporting downbeat quarterly results.
- Lumen Technologies, Inc. (NASDAQ: LUMN) dropped 18.1% to $4.0850 after the company reported Q4 earnings results. Following earnings, Citigroup downgraded the stock from Neutral to Sell and lowered its price target from $6.25 to $3.5.
- Compass Minerals International, Inc. (NYSE: CMP) fell 14% to $39.28 following downbeat quarterly sales.
- Black Hills Corporation (NYSE: BKH) fell 12.7% to $62.00 after the company reported Q4 earnings results. Following earnings, Scotiabank downgraded the stock from Outperform to Sector Perform and announced a $67 price target.
- Xponential Fitness, Inc. (NASDAQ: XPOF) fell 11.2% to $24.70 after the company announced pricing of a secondary offering of 5 million shares by selling shareholders.
- Viasat, Inc. (NASDAQ: VSAT) fell 10.7% to $31.00 following downbeat quarterly sales.
- LiveRamp Holdings, Inc. (NYSE: RAMP) dipped 9.4% to $24.67 after posting quarterly results.
- Vishay Intertechnology, Inc. (NYSE: VSH) fell 9.1% to $21.84 following Q4 results.
- Jack Henry & Associates, Inc. (NASDAQ: JKHY) fell 8.6% to $165.88 after the company reported Q2 results.
- RxSight, Inc. (NASDAQ: RXST) dropped 8.3% to $12.63 after the company announced pricing of a public offering of common stock.
- Perion Network Ltd. (NASDAQ: PERI) dipped 8.3% to $30.76 after the company reported Q4 earnings results and issued guidance.
- Paycom Software, Inc. (NYSE: PAYC) fell 7.4% to $318.52 following Q4 results.
- Bed Bath & Beyond Inc. (NASDAQ: BBBY) fell 7.4% to $2.7850. Wedbush maintained Bed Bath & Beyond with an Underperform and raised the price target from $0 to $0.25.
- PVH Corp. (NYSE: PVH) fell 6.6% to $82.94.
- Alphabet Inc. (NASDAQ: GOOGL) dropped 6.2% to $100.95 after the company's BARD AI chatbot appeared to give an incorrect answer in a company ad.
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