U.S. stocks closed mixed with the Nasdaq Composite dropping more than 100 points on Tuesday. Here is the list of some big stocks recording losses in the previous session.
- AZZ Inc. (NYSE: AZZ) shares dipped 22.1% to close at $30.41 after the company reported worse-than-expected Q2 adjusted EPS results. The company said it will not issue full-year fiscal year 2023 guidance at this time.
- Orthofix Medical Inc. (NASDAQ: OFIX) shares fell 19.2% to close at $14.87 after the company and SeaSpine announced they will combine in a merger of equals. The company also announced preliminary Q3 net sales.
- Lyft , Inc. (NASDAQ: NASDAQ:LYFT) declined 12% to close at $11.27 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
- ACM Research, Inc. (NASDAQ: ACMR) slipped 11.8% to close at $7.97. Jefferies downgraded ACM Research from Buy to Underperform and lowered the price target from $33.67 to $8.
- AN2 Therapeutics, Inc. (NASDAQ: ANTX) dropped 11.5% to close at $17.43.
- Trip.com Group Limited (NASDAQ: TCOM) declined 11.2% to close at $23.63.
- HilleVax, Inc. (NASDAQ: HLVX) fell 10.6% to close at $15.56.
- Uber Technologies, Inc. (NYSE: NYSE:UBER) dropped 10.4% to close at $24.66 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
- IAC Inc. (NASDAQ: IAC) fell 10.4% to settle at $49.83.
- Zymeworks Inc. (NASDAQ: ZYME) shares declined 10.4% to close at $5.35.
- Angi Inc. (NASDAQ: ANGI) fell 10.2% to settle at $2.65. Angi named Joey Levin as CEO.
- Skillz Inc. (NYSE: SKLZ) dropped 9.9% to close at $0.9367.
- Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) declined 9.8% to close at $14.00.
- LivaNova PLC (NASDAQ: LIVN) dropped 9.7% to settle at $44.18.
- Infinera Corporation (NASDAQ: INFN) declined 9.1% to close at $4.39. Morgan Stanley (NYSE:MS) maintained Infinera with an Equal-Weight and lowered the price target from $7.5 to $5.
- Leggett & Platt, Incorporated (NYSE: LEG) fell 7.2% to close at $32.17 as the company lowered its earnings and sales projections for full year 2022.
- Wynn Resorts, Limited (NASDAQ: NASDAQ:WYNN) fell 7% to close at $59.64.
- Netflix, Inc. (NASDAQ: NASDAQ:NFLX) dipped 6.8% to close at $214.29.
- Pinterest, Inc. (NYSE: NYSE:PINS) fell 6.7% to close at $22.99. Credit Suisse (SIX:CSGN) maintained Pinterest with a Neutral and lowered the price target from $26 to $25.
- SunPower Corporation (NASDAQ: SPWR) fell 5.4% to close at $20.31 after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $22 to $18.
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