Benzinga - U.S. stocks traded mostly lower, with the Nasdaq Composite dropping over 60 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Carvana Co. (NYSE: CVNA) dipped 44.2% to $3.7422 following a downgrade from Wedbush. Reports indicate that some of the company's largest creditors have signed a pact to prevent a potential creditor fight.
- Mirati Therapeutics, Inc. (NASDAQ: MRTX) shares tumbled 19.9% to $57.32. Mirati Therapeutics recently announced late-breaking results evaluating concurrent adagrasib and pembrolizumab in first-line advanced/metastatic non-small cell lung cancer.
- The Lovesac Company (NASDAQ: LOVE) declined 15.3% to $19.05 after the company reported Q3 financial results.
- Avid Bioservices, Inc. (NASDAQ: CDMO) dropped 15.3% to $12.60 after the company posted a loss for the second quarter.
- Smith & Wesson Brands, Inc. (NASDAQ: SWBI) fell 15% to $10.03 after the company reported worse-than-expected Q2 EPS and sales results.
- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) dropped 12.8% to $9.25.
- Uniti Group Inc. (NASDAQ: UNIT) fell 12.7% to $6.15.
- Skillsoft Corp. (NYSE: SKIL) dropped 12.3% to $1.6750 following weak quarterly sales.
- Syndax Pharmaceuticals, Inc. (NASDAQ: SNDX) declined 11.8% to $21.33 after the company priced a roughly 6.8 million public share offering of common stock at $22 per share.
- EZCORP, Inc. (NASDAQ: EZPW) fell 11.6% to $9.34 after the company announced a private offering of $175,000,000 of convertible senior notes due 2029.
- Pagaya Technologies Ltd. (NASDAQ: PGY) dropped 11.6% to $0.75.
- Zuora, Inc. (NYSE: ZUO) fell 11.5% to $6.38 after the company issued weak revenue forecast.
- Niu Technologies (NASDAQ: NIU) fell 11.5% to $4.46 after surging around 15% on Tuesday. Niu Technologies recently reported worse-than-expected Q3 EPS results.
- United Natural Foods, Inc. (NYSE: UNFI) dropped 11.5% to $40.33 following downbeat quarterly earnings.
- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) fell 10.7% to $51.53 after the company reported Q3 EPS and sales results and issued FY22 guidance.
- MINISO Group Holding Limited (NYSE: MNSO) declined 9.3% to $10.48.
- Gannett Co., Inc. (NYSE: GCI) fell 8.5% to $2.5325.
- M&T Bank Corporation (NYSE: MTB) dropped 7.9% to $147.63 after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $215 to $180.
- Butterfly Network, Inc. (NYSE: BFLY) fell 6.5% to $2.88 after the company reported CEO transition.
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