Wayfair, Bed Bath & Beyond And Other Big Losers From Friday

Author: Lisa Levin | August 22, 2022 06:04am

U.S. stocks closed lower with the Nasdaq Composite dropping 260 points on Friday. Here is the list of some big stocks moving lower in the previous session.

• Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares dropped 40.5% to close at $11.03 after an amended 13D filing showed Ryan Cohen has a 0% stake in the company.
• Capstone Green Energy Corporation (NASDAQ:CGRN) shares dipped 38.8% to close at $2.41 on Friday after the company announced the pricing of a public offering of 2,934,498 shares valued at approximately $8 million.
• Clarus Therapeutics Holdings, Inc. (NASDAQ:CRXT) dropped 27.2% to close at $0.2062. Clarus Therapeutics posted a Q2 loss of $0.24 per share.
• Golden Sun Education Group Limited (NASDAQ:GSUN) fell 23.1% to settle at $50.85 on possible profit taking after the stock surged on Thursday.
• StoneCo Ltd. (NASDAQ:STNE) fell 22.3% to close at $9.06 after the company reported Q2 results and said Marcelo Baldin, Chief Financial Officer, is departing from the company.
• Wayfair Inc. (NYSE:W) dropped 20.1% to close at $57.01 after the company announced it will cut its workforce by approximately 870 employees, representing approximately 5% of its global workforce and approximately 10% of its corporate team.
• Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) fell 18.3% to close at $17.86 after the company reported worse-than-expected Q2 EPS results and issued Q3 sales guidance below estimates.
• Inotiv, Inc. (NASDAQ:NOTV) fell 15.7% to settle at $20.83. Inotiv recently reported better-than-expected Q3 sales results.
• America's Car-Mart, Inc. (NASDAQ:CRMT) fell 14% to close at $79.48. Stephens & Co. downgraded America's Car-Mart from Overweight to Equal-Weight and announced an $83 price target.
• Affirm Holdings, Inc. (NASDAQ:AFRM) fell 13.5% to close at $30.92.
• MicroStrategy Incorporated (NASDAQ:MSTR) fell 12.8% to close at $283.00 amid a decline in Bitcoin and Ethereum prices.
• Riot Blockchain, Inc. (NASDAQ:RIOT) fell 12.4% to close at $7.25 amid a decline in Bitcoin and Ethereum prices.
• Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) declined 12.3% to close at $2.85. Ginkgo Bioworks purchased certain epidemiological data infrastructure assets from Baktus, Inc., a Delaware-based public benefit corporation.
• Asana, Inc. (NYSE:ASAN) dropped 12.3% to settle at $21.97. Shares of software companies traded lower amid a rise in treasury yields, which has caused a selloff in growth stocks.
• Beyond Meat, Inc. (NASDAQ:BYND) fell 12.2% to close at $29.17 amid overall market weakness.
• Carvana Co. (NYSE:CVNA) dropped 11.6% to close at $42.30. Argus Research recently initiated coverage on Carvana with a Hold rating.
• Aurora Innovation, Inc. (NASDAQ:AUR) fell 11.5% to close at $2.53. Shares of several companies in the broader industrials space traded lower amid overall market weakness as traders digest recent minutes from the Fed's July meeting.
• Belite Bio, Inc (NASDAQ:BLTE) fell 11% to close at $22.57. Belite Bio recently reported first half 2022 operational highlights and financial results.
• Bumble Inc. (NASDAQ:BMBL) fell 10.1% to close at $28.26.
• Nikola Corporation (NASDAQ:NKLA) dipped 9.1% to settle at $6.00.
• Lucid Group, Inc. (NASDAQ:LCID) fell 8.1% to close at $16.75. Lucid Group introduced Sapphire, Lucid's new ultra-high-performance brand.
• GameStop Corp. (NYSE:GME) fell 3.8% to close at $36.49 after dropping more than 6% on Thursday.

 

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