Benzinga - U.S. stocks traded mixed, with the Nasdaq Composite dropping around 50 points on Friday. Here are some big stocks recording losses in today’s session.
- Lufax Holding Ltd (NYSE: LU) shares fell 22.9% to $1.35 after the company posted weaker-than-expected earnings for its third quarter. JP Morgan and Credit Suisse (SIX:CSGN) downgraded the stock to bearish ratings.
- Super Group (SGHC) Limited (NYSE: SGHC) fell 10.7% to $3.23. The company recently posted in-line quarterly earnings.
- Livent Corporation (NYSE: LTHM) dropped 9.6% to $26.66. The company recently posted upbeat quarterly earnings.
- Piedmont Lithium Inc. (NASDAQ: PLL) fell 9.4% to $52.82.
- Full Truck Alliance Co. Ltd. (NASDAQ: YMM) fell 9.3% to $6.30. Full Truck Alliance recently reported better-than-expected Q3 results.
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) fell 9.1% to $2.5087. Kingsoft Cloud recently reported a third-quarter FY22 revenue decline of 18.4% year-on-year to $276.8 million, missing the consensus of $313.2 million.
- Blend Labs, Inc. (NYSE: BLND) dropped 8.3% to $1.3750.
- Satixfy Communications Ltd. (NYSE: SATX) fell 7.5% to $23.05.
- Lithium Americas Corp. (NYSE: LAC) declined 7.2% to $24.51.
- Credit Suisse Group AG (NYSE: CS) dropped 6.8% to $3.5690. Credit Suisse Group on Wednesday flagged a massive loss for the fourth quarter, as it goes about setting its house in order. Shareholders of embattled Credit Suisse approved a proposal to issue new equity on Wednesday.