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Salesforce, Dollar Tree, Tesla And Some Other Big Stocks Moving Lower On Thursday

Published 25/08/2022, 16:27
© Reuters Salesforce, Dollar Tree, Tesla And Some Other Big Stocks Moving Lower On Thursday
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  • Peloton (NASDAQ:PTON) Interactive, Inc. (NASDAQ: PTON) shares fell 20.8% to $10.68 after the company reported worse-than-expected Q4 sales results and issued Q1 sales guidance below estimates.

  • Indonesia Energy Corporation Limited (NYSE: INDO) dipped 13.4% to $10.32.

  • Grab Holdings Limited (NASDAQ: GRAB) dropped 12.9% to $3.1350 following Q2 results. Grab Holdings reported second-quarter FY22 revenue growth of 79% year-on-year to $321 million.

  • WeTrade Group, Inc. (NASDAQ: WETG) fell 12.2% to $2.2396. WeTrade recently entered into strategic partnership with Guyguide to exclusively design and provide Monkeypox testing kits and insurance coverage products for traveling packages to US, Canada, Australia and European countries.

  • Splunk Inc. (NASDAQ: SPLK) fell 10% to $99.38. Splunk reported better-than-expected results for its second quarter. However, the company said total ARR is expected to be approximately $3.65 billion; Cloud ARR is expected to be roughly $1.8 billion (was previously $3.9 billion and $2.0 billion, respectively).

  • AMC Entertainment Holdings, Inc. (NYSE: APE) fell 9.3% to $6.46 on volatility following the stock’s IPO debut on Monday.

  • Relay Therapeutics, Inc. (NASDAQ: RLAY) declined 8.4% to $23.92. Relay Therapeutics recently posted Q2 loss of $0.71 per share.

  • Dollar Tree, Inc. (NASDAQ: NASDAQ:DLTR) dropped 8.2% to $152.43 after the company reported worse-than-expected Q2 sales results and issued Q3 EPS guidance below estimates.

  • Burlington Stores, Inc. (NYSE: BURL) declined 8% to $150.57 after the company reported mixed Q2 earnings results and issued guidance.

  • Salesforce, Inc. (NYSE: CRM) fell 7.1% to $167.20. Salesforce reported upbeat results for its second quarter, but lowered its annual projections.

  • EQRx, Inc. (NASDAQ: EQRX) fell 7% to $4.9991.

  • Zuora, Inc. (NYSE: ZUO) fell 4.2% to $8.57 after the company reported Q2 results and issued FY23 forecast. Zuora also announced plans to acquire Zephr.

  • Box, Inc. (NYSE: BOX) declined 3.9% to $28.13 following Q2 results. The company also sees FY23 adjusted EPS of $1.13-$1.16 and sales of $992 million to $996 million.

  • Tesla, Inc. (NASDAQ: TSLA (NASDAQ:TSLA)) fell 1.7% to $292.17 following effect of 3:1 stock split.

    • © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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