SolarEdge Technologies, Calavo Growers, Fisker And Other Big Stocks Moving Lower On Wednesday

Author: Avi Kapoor | January 17, 2024 12:18pm

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell during Wednesday’s session after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.

SolarEdge Technologies shares declined 5.4% to $68.91 on Wednesday.

Here are some other big stocks recording losses in today’s session.

• Spirit Airlines, Inc. (NYSE:SAVE) shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.
• Calavo Growers, Inc. (NASDAQ:CVGW) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.
• Alector, Inc. (NASDAQ:ALEC) declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.
• Fisker Inc. (NYSE:FSR) fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.
• Richtech Robotics Inc. (NASDAQ:RR) fell 11.7% to $6.59.
• LendingTree, Inc. (NASDAQ:TREE) shares tumbled 10.5% to $25.39.
• Nukkleus Inc. (NASDAQ:NUKK) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.
• Compass, Inc. (NYSE:COMP) declined 8.8% to $2.9350.
• Tellurian Inc. (NYSE:TELL) fell 8.6% to $0.6126.
• American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.
• Definitive Healthcare Corp. (NASDAQ:DH) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.
• 10x Genomics, Inc. (NASDAQ:TXG) fell 7.8% to $41.04.
• Esperion Therapeutics, Inc. (NASDAQ:ESPR) dipped 6.9% to $2.6150.
• HDFC Bank Limited (NYSE:HDB) fell 6.8% to $56.99.
• MINISO Group Holding Limited (NASDAQ:MNSO) fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.
• DigitalOcean Holdings, Inc. (NYSE:DOCN) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.

Now Read This: Top 3 Industrials Stocks That Could Blast Off In January

Posted In: ALEC AXL COMP CVGW DH DOCN ESPR FSR HDB MNSO NUKK RR SAVE SEDG TELL TREE TXG