Benzinga - by Lisa Levin, Benzinga Editor. U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Foot Locker, Inc. (NYSE: FL) shares tumbled 34.4% to $15.18 after the company reported a second-quarter revenue miss and an 11% rise in inventories. The company also lowered its gross margin guidance, citing more aggressive markdowns.
- Peloton Interactive, Inc. (NASDAQ: PTON) fell 23.6% to $5.34 after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers. The company also issued soft Q1 revenue guidance.
- Tivic Health Systems, Inc. (NASDAQ: TIVC) tumbled 23.1% to $3.02 after the company announced a 1-for-100 reverse stock split.
- AMC Entertainment Holdings, Inc. (NYSE: AMC) declined 17.6% to $2.1001 ahead of a 10-to-1 reverse stock split scheduled to take effect Thursday. AMC Preferred Equity Units will be converted to AMC common stock the following day.
- The Growth for Good Acquisition Corporation (NASDAQ: GFGD) fell 11.1% to $9.40.
- Definitive Healthcare Corp. (NASDAQ: DH) dipped 9.7% to $9.18.
- Lancaster Colony Corporation (NASDAQ: LANC) fell 9.6% to $165.25 after the company reported worse-than-expected fourth-quarter results.
- Premier, Inc. (NASDAQ: PINC) shares declined 8.1% to $22.09. Premier reported fourth-quarter 2023 revenue of $340.4 million, missing the consensus of $356.3 million.
- CompX International Inc. (NYSE: CIX) fell 7.6% to $23.21.
- iQIYI, Inc. (NASDAQ: IQ) fell 7.3% to $4.5350. HSBC and Benchmark lowered their price targets on the stock.
- CVR Energy, Inc. (NYSE: CVI) declined 7.2% to $32.17. CARL ICAHN, 10% owner at CVR Energy, reported a large insider sell on Aug. 22, according to a new SEC filing.
- Agiliti, Inc. (NASDAQ: AGTI) fell 6.7% to $10.02. Agiliti recently announced a $50 million share repurchase plan over a 12-month period.
- NIKE, Inc. (NYSE: NKE) fell 4% to $97.39 in sympathy with Foot Locker, which reported a second-quarter revenue miss and lowered its guidance.
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