Benzinga - U.S. stocks traded mixed, with the Nasdaq Composite gaining over 100 points on Wednesday. Here are some big stocks recording losses in today’s session.
- First Republic Bank (NYSE: FRC) shares tumbled 39.3% to $4.92 on continued downward momentum after the company announced a decline in deposits and revenue for Q1. Also, Maxim Group downgraded the stock from Buy to Hold.
- Apollomics, Inc. (NASDAQ: APLM) dropped 27% to $4.71. Apollomics shares jumped around 60% on Tuesday after EF Hutton initiated coverage on the stock with a Buy rating and a $25 price target.
- Enphase Energy, Inc. (NASDAQ: ENPH) shares declined 23.9% to $167.86 after the company reported worse-than-expected Q1 sales and issued weak Q2 guidance.
- cbdMD, Inc. (NASDAQ: YCBD) dipped 14.4% to $4.65.
- Enova International, Inc. (NYSE: ENVA) dropped 13.6% to $41.21 following weak quarterly sales.
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) fell 13.2% to $4.7550.
- ATRenew Inc. (NYSE: RERE) dropped 12.7% to $2.06.
- Mullen Automotive, Inc. (NASDAQ: MULN) fell 11% to $0.0766.
- Activision Blizzard, Inc. (NASDAQ: ATVI) fell 10.8% to $77.29 after the UK's CMA reportedly prevented Microsoft's proposed purchase of the company.
- Saia, Inc. (NASDAQ: SAIA) dropped 10.4% to $251.66.
- Encore Wire Corporation (NASDAQ: WIRE) fell 10.3% to $145.10 after the company reported worse-than-expected Q1 results.
- TFI International Inc. (NASDAQ: TFII) fell 10.2% to $103.30 following weak quarterly results.
- Wallbox N.V. (NYSE: WBX) dropped 10% to $2.8150.
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) declined 9.9% to $305.77 after the company reported worse-than-expected Q1 results.
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) dropped 9.6% to $279.52 in sympathy with Enphase, which reported worse-than-expected Q1 sales and issued weak Q2 guidance.
- Integra LifeSciences Holdings Corporation (NASDAQ: IART) fell 9.5% to $53.26 after the company issued FY23 adjusted EPS guidance below analyst estimates.
- SunPower Corporation (NASDAQ: SPWR) shares fell 8.6% to $12.69.
- Sunrun Inc. (NYSE: RUN) fell 7.1% to $19.82.
- AZZ Inc. (NYSE: AZZ) dropped 6.8% to $35.83 following weak quarterly sales.
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