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BJ's Wholesale, Kingsoft Cloud, Zoom Video And Other Big Stocks Moving Lower On Tuesday

Author: Lisa Levin | May 23, 2023 10:36am

U.S. stocks traded mixed, with the Nasdaq Composite dropping around 30 points on Tuesday. Here are some big stocks recording losses in today’s session.

  • Microvast Holdings, Inc. (NASDAQ:MVST) tumbled 22.3% to $1.71 after the US Energy Department reportedly cancelled contract negotiations for a $200 million award for the company.
  • Achieve Life Sciences, Inc. (NASDAQ:ACHV) dropped 14.7% to $6.95 as the company reported topline results from Phase 3 ORCA-3 trial of cytisinicline.
  • Integra LifeSciences Holdings Corporation (NASDAQ:IART) dropped 13.5% to $43.87 after the company announced it initiated a voluntary global recall of all products manufactured in its Boston facility distributed between March 1, 2018 and May 22, 2023.
  • Voyager Therapeutics, Inc. (NASDAQ:VYGR) dipped 10.6% to $12.37.
  • Kingsoft Cloud Holdings Limited (NASDAQ:KC) fell 10% to $4.2750 following weak quarterly results.
  • Alvotech (NASDAQ:ALVO) fell 7.1% to $7.91. Alvotech recently posted a wider loss for the first quarter.
  • Zoom Video Communications, Inc. (NASDAQ:ZM) dipped 7% to $66.42. Zoom Video reported better-than-expected results for its first quarter and raised its full-year sales outlook.
  • BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) fell 6.4% to $65.18 following weak quarterly sales.
  • ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) dropped 5.4% to $13.89. ZIM Integrated Shipping recently reported a loss for the first quarter.
  • Qurate Retail, Inc. (NASDAQ:QRTEB) fell 5% to $5.13.
  • Tyra Biosciences, Inc. (NASDAQ:TYRA) dropped 4.7% to $13.81.
  • WeWork Inc. (NYSE:WE) fell 4.7% to $0.1993.
  • HEICO Corporation (NYSE:HEI) dropped 4.3% to $171.34. Heico posted upbeat second-quarter results.
  • Willis Towers Watson Public Limited Company (NASDAQ:WTW) fell 3.3% to $222.34. BMO Capital maintained Willis Towers Watson with a Market Perform and lowered the price target from $260 to $230.

 

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Posted In: ACHV ALVO BJ HEI IART KC MVST QRTEB TYRA VYGR WE WTW ZIM ZM


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