Benzinga - U.S. stocks traded lower, with the Dow Jones dropping around 100 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Extreme Networks, Inc. (NASDAQ: EXTR) shares dropped 14.7% to $15.66. Craig-Hallum downgraded Extreme Networks from Buy to Hold and announced a $17.5 price target.
- CDW Corporation (NASDAQ: CDW) fell 13.6% to $15.66 after the company issued preliminary Q1 sales below estimates.
- Shift4 Payments, Inc. (NYSE: FOUR) declined 13.4% to $59.42 after Blue Orca Capital issued a short report on the stock.
- Extreme Networks, Inc. (NASDAQ: EXTR) dropped 13.4% to $15.93 after Craig-Hallum downgraded the stock from Buy to Hold and announced a $17.5 price target.
- XPeng Inc. (NYSE: XPEV) dipped 12.1% to $9.92. XPeng launched XPENG G6 Ultra Smart Coupe SUV, its fifth smart EV model, at Auto Shanghai 2023.
- Olo Inc. (NYSE: OLO) declined 10.6% to $7.87.
- CleanSpark, Inc. (NASDAQ: CLSK) dropped 9.2% to $4.5650.
- MYT Netherlands Parent B.V. (NYSE: MYTE) fell 8.7% to $6.60 after reporting preliminary Q3 results.
- Cipher Mining Inc. (NASDAQ: CIFR) fell 8.6% to $2.5386 amid a drop in Bitcoin.
- Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) dropped 8.5% to $11.78.
- Cano Health, Inc. (NYSE: CANO) shares fell 8.2% to $1.2388.
- BigBear.ai Holdings, Inc. (NYSE: BBAI) declined 7.5% to $3.15.
- Central Garden & Pet Company (NASDAQ: CENT) fell 7.2% to $37.10 after the company updated its outlook for fiscal 2023 EPS. The company sees Q2 EPS at $0.90 versus the $1.17 estimate and FY23 EPS at $2.35 or better versus the $2.65 estimate.
- FiscalNote Holdings, Inc. (NYSE: NOTE) dropped 7% to $2.14.
- Titan International, Inc. (NYSE: TWI) fell 6.5% to $10.19.
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