Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher, with the Dow Jones gaining around 100 points on Monday. Here are some big stocks recording losses in today’s session.
- IHS Holding Limited (NYSE: IHS) shares fell 15.7% to $5.01.
- Granite Ridge Resources, Inc. (NYSE: GRNT) fell 11% to $6.67. Granite Ridge Resources launched a secondary public offering of 7.1 million shares by selling stockholders.
- Puyi Inc. (NASDAQ: PUYI) tumbled 9.6% to $5.20.
- Butterfly Network, Inc. (NYSE: BFLY) declined 8.8% to $1.7050.
- Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) fell 8.7% to $179.48. Madrigal Pharmaceuticals named Bill Sibold as CEO.
- FuelCell Energy, Inc. (NASDAQ: FCEL) fell 8.6% to $1.3150. FuelCell Energy reported a third-quarter FY23 revenue decline of 41% year-over-year to $25.51 million, missing the consensus of $27.72 million.
- Virgin Galactic Holdings, Inc. (NYSE: SPCE) dipped 8.3% to $2.0998.
- Marathon Digital Holdings, Inc. (NASDAQ: MARA) fell 8% to $10.04.
- The J. M. Smucker Company (NYSE: SJM) declined 7.9% to $130.39 after the company announced it will acquire Hostess Brands.
- SmartRent, Inc. (NYSE: SMRT) shares declined 7.5% to $2.84.
- Pharvaris N.V. (NASDAQ: PHVS) fell 7.2% to $19.70.
- Vertical Aerospace Ltd. (NYSE: EVTL) declined 6.1% to $1.6150.
- RTX Corporation (NYSE: RTX) fell 5.9% to $78.52. RTX provided an update on the impact to the Pratt & Whitney GTF fleet (PW1100 GTF engines, which power the A320neo) arising from the previously disclosed rare condition in powder metal used to manufacture certain engine parts.
- VinFast Auto Ltd. (NASDAQ: VFS) fell 5.2% to $16.26.
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