Benzinga - U.S. stocks traded lower, with the Dow Jones dropping more than 300 points on Thursday. Here are some big stocks recording gains in today’s session.
- Silvergate Capital Corporation (NYSE: SI) shares tumbled 46.1% to $11.83 after the company announced select preliminary Q4 financial metrics and provided a business update. The company said it is reducing headcount by 40%.
- Resources Connection, Inc. (NASDAQ: RGP) fell 15.8% to $15.67 following quarterly results.
- RPM International Inc. (NYSE: RPM) dropped 12.9% to $85.37 after the company reported mixed Q2 results and said certain RPM businesses have experienced reduced customer demand.
- AppLovin Corporation (NASDAQ: APP) declined 12.3% to $9.56 after Benchmark initiated coverage on the stock with a Sell rating and a $7 price target.
- Fortuna Silver Mines Inc. (NYSE: FSM) fell 11.7% to $3.46.
- Simulations Plus, Inc. (NASDAQ: SLP) dropped 11.6% to $33.25 following weak quarterly results.
- The Simply Good Foods Company (NASDAQ: SMPL) declined 11.4% to $33.84 following Q1 results.
- SentinelOne, Inc. (NYSE: S) fell 11% to $13.34. Piper Sandler maintained SentinelOne with a Neutral and lowered the price target from $17 to $16.
- Cue Health Inc. (NASDAQ: HLTH) dropped 10.2% to $1.9298.
- HUTCHMED (China) Limited (NYSE: HCM) fell 10.2% to $16.38.
- Vertex (NASDAQ:VRTX), Inc. (NASDAQ: VERX) fell 10.1% to $13.27. Jefferies downgraded Vertex from Buy to Hold and raised the price target from $13.5 to $15.
- Geron Corporation (NASDAQ: GERN) shares dipped 9.6% to $2.8850 after the company announced a proposed public offering.
- Asana, Inc. (NYSE: ASAN) fell 9.6% to $12.23.
- Wolverine World Wide, Inc. (NYSE: WWW) fell 9.4% to $10.48. Piper Sandler downgraded Wolverine World Wide from Overweight to Neutral and lowered the price target from $23 to $13.
- Coinbase (NASDAQ:COIN) Global, Inc. (NASDAQ: COIN) dropped 9.4% to $34.16 after Cowen & Co downgraded the stock from Outperform to Market Perform and announced a $36 price target. The stock could also be trading lower amid profit taking following a rally yesterday.
- Stem, Inc. (NYSE: STEM) fell 8.9% to $7.78.
- Constellation Brands, Inc. (NYSE: STZ) dropped 7.7% to $213.42 after the company reported worse-than-expected Q3 EPS results.
- Walgreens Boots Alliance (NASDAQ:WBA), Inc. (NASDAQ: WBA) tumbled 7.1% to $34.83 after the company reported Q1 earnings results and issued guidance.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.