Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BJ's Wholesale, Kingsoft Cloud, Zoom Video And Other Big Stocks Moving Lower On Tuesday

Published 23/05/2023, 15:36
Updated 23/05/2023, 16:40
© Reuters. BJ's Wholesale, Kingsoft Cloud, Zoom Video And Other Big Stocks Moving Lower On Tuesday

Benzinga - U.S. stocks traded mixed, with the Nasdaq Composite dropping around 30 points on Tuesday. Here are some big stocks recording losses in today’s session.

  • Microvast Holdings, Inc. (NASDAQ: MVST) tumbled 22.3% to $1.71 after the US Energy Department reportedly cancelled contract negotiations for a $200 million award for the company.
  • Achieve Life Sciences, Inc. (NASDAQ: ACHV) dropped 14.7% to $6.95 as the company reported topline results from Phase 3 ORCA-3 trial of cytisinicline.
  • Integra LifeSciences Holdings Corporation (NASDAQ: IART) dropped 13.5% to $43.87 after the company announced it initiated a voluntary global recall of all products manufactured in its Boston facility distributed between March 1, 2018 and May 22, 2023.
  • Voyager Therapeutics, Inc. (NASDAQ: VYGR) dipped 10.6% to $12.37.
  • Kingsoft Cloud Holdings Limited (NASDAQ: KC) fell 10% to $4.2750 following weak quarterly results.
  • Alvotech (NASDAQ: ALVO) fell 7.1% to $7.91. Alvotech recently posted a wider loss for the first quarter.
  • Zoom Video Communications, Inc. (NASDAQ: ZM) dipped 7% to $66.42. Zoom Video reported better-than-expected results for its first quarter and raised its full-year sales outlook.
  • BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) fell 6.4% to $65.18 following weak quarterly sales.
  • ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) dropped 5.4% to $13.89. ZIM Integrated Shipping recently reported a loss for the first quarter.
  • Qurate Retail, Inc. (NASDAQ: QRTEB) fell 5% to $5.13.
  • Tyra Biosciences, Inc. (NASDAQ: TYRA) dropped 4.7% to $13.81.
  • WeWork Inc. (NYSE: WE) fell 4.7% to $0.1993.
  • HEICO Corporation (NYSE: HEI) dropped 4.3% to $171.34. Heico posted upbeat second-quarter results.
  • Willis Towers Watson Public Limited Company (NASDAQ: WTW) fell 3.3% to $222.34. BMO Capital maintained Willis Towers Watson with a Market Perform and lowered the price target from $260 to $230.

Read More: Bitcoin Surges Above This Key Level; Kava Emerges As Top Gainer

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.