U.S. stocks closed lower with the Dow Jones dropping 500 points on Friday. Here is the list of some big stocks recording losses in the previous session.
- 5E Advanced Materials Inc. (NASDAQ: FEAM) shares dipped 27.6% to close at $10.16.
- Carnival Corporation (NYSE: NYSE:CCL) declined 23.3% to close at $7.03 after the company reported worse-than-expected Q3 EPS and sales results.
- Rent-A-Center Inc (NASDAQ: RCII) dropped 21.6% to close at $17.51 as the company lowered its earnings guidance for the third quarter and named Mr. Fahmi Karam as new Executive Vice President - Chief Financial Officer.
- Ocular Therapeutix, Inc. (NASDAQ: OCUL) dropped 19.1% to close at $4.15. Ocular Therapeutix 10%+ owner Summer Road LLC reported purchase of 150,000 at an average price of $4.59 per share in Form 4 filing on Thursday.
- Century Aluminum Company (NASDAQ: CENX) dropped 18.3% to close at $5.28 after Wolfe Research downgraded the stock from Peer Perform to Underperform.
- Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) fell 18% to close at $11.36 in sympathy with Carnival, which fell after the company reported worse-than-expected Q3 financial results.
- Grove Collaborative Holdings, Inc. (NYSE: GROV) dipped 17.3% to close at $2.24.
- Reading International, Inc. (NASDAQ: RDIB) fell 15.8% to close at $18.70.
- Golden Sun Education Group Limited (NASDAQ: GSUN) dropped 15.3% to close at $27.45.
- Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT) shares fell 15% to close at $13.95 after the company announced its REVERSE Phase 3 study of obeticholic acid did not meet its primary endpoint.
- Royal Caribbean Cruises Ltd. (NYSE: RCL) fell 13.2% to close at $37.90 in sympathy with Carnival, which fell after the company reported worse-than-expected Q3 financial results.
- NIKE, Inc. (NYSE: NKE) fell 12.8% to close at $83.12. NIKE reported better-than-expected earnings and sales results for its first quarter on Thursday. However, the company reported a rise in quarter-ended inventories and revenue in the Greater China region also declined from a year ago.
- GigaCloud Technology Inc. (NASDAQ: GCT) dipped 11.8% to close at $10.11. GigaCloud Technology reported second-quarter FY22 sales growth of 11% year-on-year to $124 million.
- Karat Packaging Inc. (NYSE: KRT) dropped 11.4% to close at $15.99.
- Worthington Industries, Inc. (NYSE: WOR) declined 11.3% to settle at $38.14. BMO Capital maintained Worthington Industries with a Market Perform and lowered the price target from $58 to $52.
- Under Armour, Inc. (NYSE: UAA) dipped 9.8% to settle at $6.65.
- Li-Cycle Holdings Corp. (NYSE: LICY) dropped 9.5% to close at $5.32. Morgan Stanley (NYSE:MS) maintained Li-Cycle Holdings with an Equal-Weight and lowered the price target from $8 to $7.
- LifeStance Health Group, Inc. (NASDAQ: LFST) declined 9.2% to settle at $ 6.62.
- AMTD Digital Inc. (NYSE: HKD) fell 8.2% to close at $46.80.
- Agiliti, Inc. (NYSE: AGTI) declined 7.7% to settle at $14.31.
- The Aaron's Company, Inc. (NYSE: AAN) dropped 7.5% to settle at $9.72.
- DICK'S Sporting Goods, Inc. (NYSE: DKS) fell 7.4% to close at $104.64. Shares of retail and apparel companies at large traded lower in sympathy with Nike (NYSE:NKE), which fell after the company reported first-quarter financial results.
- Eve Holding, Inc. (NYSE: EVEX) dropped 7% to settle at $9.24. Eve said it expects to recognize certain non-cash expenses associated with issuance of certain warrants for three months ended June 30, 2022.
- Lululemon Athletica Inc. (NASDAQ: NASDAQ:LULU) dipped 6.9% to close at $279.56 in sympathy with Nike, which fell after the company reported first-quarter financial results.
- Foot Locker , Inc. (NYSE: NYSE:FL) dropped 4.8% to close at $31.13. Shares of retail and apparel companies traded lower in sympathy with Nike, which fell after the company reported Q1 financial results. Foot Locker 10% owner Daniel Kretinsky sold a total of 308,663 shares at an average price of $34.87.
- Apple Inc. (NASDAQ: NASDAQ:AAPL) fell 3% to close at $138.20.
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