Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks traded higher, with the Dow Jones gaining around 25 points on Monday. Here are some big stocks recording losses in today’s session.
- MoonLake Immunotherapeutics (NASDAQ: MLTX) shares dipped 24.1% to $38.92 after the company announced results of its phase 2 study treating active Psoriatic Arthritis.
- DISH Network Corporation (NASDAQ: DISH) declined 19% to $4.4496 after the company reported third-quarter results. On Nov. 3, 2023, W. Erik Carlson notified DISH that he intends to resign as the CEO effective Nov. 12, 2023.
- EchoStar Corporation (NASDAQ: SATS) dipped 18.1% to $12.64 after the company reported worse-than-expected third-quarter sales.
- American Well Corporation (NASDAQ: AMWL) tumbled 11.3% to $1.26.
- Tecnoglass Inc. (NYSE: TGLS) declined 10.5% to $30.67 after the company reported third-quarter financial results and updated guidance.
- Alteryx, Inc. (NYSE: AYX) dropped 10% to $29.48.
- Hilton Grand Vacations Inc. (NYSE: HGV) declined 9.9% to $33.54. Hilton Grand Vacations reported a third-quarter FY23 sales decline of 8.8% year-on-year to $1.02 billion, missing the analyst consensus estimate of $1.05 billion. The company entered into a definitive agreement to acquire Bluegreen Vacations for $75 per share in an all-cash transaction.
- Olema Pharmaceuticals, Inc. (NASDAQ: OLMA) fell 9.9% to $14.95.
- PureCycle Technologies, Inc. (NASDAQ: PCT) declined 9.6% to $4.51.
- Zentalis Pharmaceuticals, Inc. (NASDAQ: ZNTL) fell 9.5% to $16.18 following third-quarter results.
- Sphere Entertainment Co. (NYSE: SPHR) fell 8.6% to $33.35.
- Target Hospitality Corp. (NASDAQ: TH) declined 8.1% to $12.54.
- Lilium N.V. (NASDAQ: LILM) fell 8.1% to $0.8944.
- SolarEdge Technologies, Inc. (NASDAQ: SEDG) dropped 7.8% to $69.70. Wells Fargo downgraded SolarEdge Technologies from Overweight to Equal-Weight and lowered the price target from $190 to $82.
- SunPower Corporation (NASDAQ: SPWR) fell 7.7% to $4.2150. Truist Securities maintained SunPower with a Hold and lowered the price target from $6 to $5.
- V2X, Inc. (NYSE: VVX) fell 7.6% to $47.54 following quarterly results.
- TreeHouse Foods, Inc. (NYSE: THS) declined 7.3% to $39.42 following weak earnings.
- The Children's Place, Inc. (NASDAQ: PLCE) fell 6.8% to $25.89.
- ImmunityBio, Inc. (NASDAQ: IBRX) fell 5.6% to $3.54.
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