Benzinga - U.S. stocks traded lower, with the Dow Jones jumping around 70 points on Friday. Here are some big stocks recording losses in today’s session.
- Meta Materials Inc. (NASDAQ: MMAT) shares tumbled 24.6% to $1.3799. Meta Materials recently announced FINRA has processed and announced the corporate action of exchanging META's Series A Preferred shares for shares of common stock of Next Bridge Hydrocarbons on its daily list.
- Erasca, Inc. (NASDAQ: ERAS) declined 17.6% to $6.03 after the company priced a 15,384,616 share offering at $6.50 per share.
- Pharvaris N.V. (NASDAQ: PHVS) shares dropped 14.2% to $9.83. Pharvaris shares jumped 339% on Thursday after the company reported top-line Phase 2 data from the RAPIDe-1 study of PHVS416 for the on-demand treatment of HAE attacks.
- Torrid Holdings Inc. (NYSE: CURV) fell 13.1% to $3.7099 after the company reported worse-than-expected Q3 EPS and sales results and issued Q4 2022 and FY22 revenue guidance below estimates.
- Lululemon Athletica (NASDAQ:LULU) Inc. (NASDAQ: LULU) tumbled 12.3% to $328.35. Lululemon posted upbeat results for its third quarter, but issued weak holiday-quarter guidance.
- Li Auto Inc. (NASDAQ: LI) fell 9.1% to $21.91 after the company reported worse-than-expected Q3 EPS and sales results.
- The Hackett Group, Inc. (NASDAQ: HCKT) dropped 8% to $21.41 following weak quarterly sales. The Hackett Group commenced $120 million Dutch auction tender offer.
- VAALCO Energy, Inc. (NYSE: EGY) fell 7.9% to $4.3650.
- Lyell Immunopharma, Inc. (NASDAQ: LYEL) dropped 7.7% to $3.59.
- Beyond Meat (NASDAQ:BYND), Inc. (NASDAQ: BYND) declined 7.7% to $14.88. Argus Research downgraded Beyond Meat from Hold to Sell.
- GH Research PLC (NASDAQ: GHRS) fell 7.4% to $10.34.
- Liquidity Services, Inc. (NASDAQ: LQDT) dropped 7% to $13.19. Liquidity Services reported fourth-quarter FY22 sales growth of 7% year-on-year to $75.20 million, beating the consensus of $72.88 million.
- Lucid Group, Inc. (NASDAQ: LCID) fell 5.7% to $8.18.
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