U.S. stocks closed mixed on Monday, with the Nasdaq Composite dropping around 50 points. Here is the list of some big stocks moving lower in the previous session.
- AMTD Digital Inc. (NYSE: HKD) shares fell 35.5% to close at $43.85 amid continued post-IPO volatility.
- Pagaya Technologies Ltd. (NASDAQ: PGY) fell 17.4% to close at $9.67. Pagaya Technologies is expected to announce its Q2 earnings on August 16, 2022.
- Newmont Corporation (NYSE: NEM) dropped 13.2% to close at $44.59 after the company said Q2 sales results were down year over year.
- Weber Inc. (NYSE: WEBR) declined 12.7% to close at $6.56 after the company reported the departure of its CEO and issued Q3 sales warning.
- AMTD IDEA Group (NYSE: AMTD) fell 10.5% to settle at $1.97.
- Dorman Products, Inc. (NASDAQ: DORM) dropped 9.9% to settle at $105.23 after the company reported worse-than-expected Q2 adjusted EPS results and issued FY22 adjusted EPS guidance below estimates.
- Sierra Wireless, Inc. (NASDAQ: SWIR) fell 8.9% to close at $21.94. Sierra Wireless is expected to release Q2 results on August 11.
- Beyond Meat, Inc. (NASDAQ: NASDAQ:BYND) fell 7.9% to settle at $33.44. Beyond Meat is expected to report Q2 2022 results on Aug. 4.
- Koninklijke Philips N.V. (NYSE: PHG) fell 7.2% to close at $20.55 after the company swung to a loss in the second quarter and lowered sales forecast.
- UiPath Inc. (NYSE: PATH) dropped 6.9% to close at $18.08.
- Lightspeed Commerce Inc. (NYSE: LSPD) shares fell 5.9% to settle at $19.09.
- MicroStrategy Incorporated (NASDAQ: MSTR) dropped 5.7% to settle at $265.86 amid a drop in Bitcoin and Ethereum prices.
- Upstart (NASDAQ:UPST) Holdings, Inc. (NASDAQ: UPST) declined 5.5% to close at $24.60.
- Coinbase (NASDAQ:COIN) Global, Inc. (NASDAQ: COIN) fell 5.3% to close at $67.07 amid a drop in Bitcoin and Ethereum prices. The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Coinbase Global for listing unregistered securities on its cryptocurrency trading platform.
Read at Benzinga