Farfetch, Faraday Future Intelligent Electric, VinFast And Other Stocks Moving Lower On Friday

Author: Lisa Levin | August 18, 2023 11:46am

U.S. stocks traded down this morning, with the Nasdaq Composite falling more than 101 points on Friday. Here are some big stocks recording gains in today’s session.

• Farfetch Ltd’s (NYSE:FTCH) stock tanked 5.32% to $2.94. Investors grew concerned after the company reported soft quarterly results, issued weak guidance and announced its exit from the beauty category.
• Shares of Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) declined by 4.83% to $0.25 after the company delivered its first EV for the ultra-luxury market.
• TriSalus Life Sciences Inc’s (NASDAQ:TLSI) shares fell 4.74% to $8.65 with Wall Street stocks losing steam on concerns over further interest rate hikes by the Federal Reserve.
• Beneficient’s (NASDAQ:BENF) stock plunged 4.52% to $1.90.
• Shares of Pharvaris NV (NASDAQ:PHVS) fell 3.74% to $18.60.
• VinFast Auto’s (NASDAQ:VFS) shares tanked 3.65% to $14.55, continuing its downward trajectory, after the massive spike in the Vietnamese EV maker's stock during its debut on Tuesday.
• Genelux Corp’s (NASDAQ:GNLX) stock traded lower by 3.44% at $23.32, following the release of second-quarter results.
• Shares of Nautilus Biotechnology Inc (NASDAQ:NAUT) fell 3.38% to $2.88
• VNET Group Inc’s (NASDAQ:VNET) stock declined by 2.95% to $3.13, after falling 0.65% in pre-market trading.
• Jiayin Group Inc’s (NASDAQ:JFIN) stock slid 1.87% to $5.51. The company had reported its second-quarter results last week.
• Shares of TMC The Metals Company Inc (NASDAQ:TMC) declined by 1.65% to $1.20.

Read More: Are High-Yielding AT&T And Verizon Worth Buying As Prices Skid?

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Posted In: BENF FFIE FTCH GNLX JFIN NAUT PHVS TLSI TMC VFS VNET