US stocks closed higher with the Dow Jones up 193 points on Thursday. Here is the list of some big stocks that moved down in the previous session.
- GlobalStar, Inc. GSAT fell 18.9% to $1.67 amid potential profit-taking. The stock rose on Wednesday after the company announced it would become a satellite operator for Apple’s satellite-based services.
- Shuttle Pharmaceuticals Holdings, Inc. SCHPH fell 15.5% to close at $30.76.
- Bilibili Inc. BILI fell 15% to close at $20.07 after the second quarter results.
- Skillsoft Corp. ABILITY fell 14.9% to close at $2.29 after the company reported weak quarterly sales and approved a $30 million share buyback.
- Dave & Busters Entertainment, Inc. PLAY fell 14.2% to close at $37.72. While the company reported better-than-expected Q2 results, operating income declined from 2021 levels.
- Innovid Corp. CTV fell 13.9% to close at $3.17.
- Cohn Robbins Holding Corp. CRHC fell 12.8% to close at $7.96.
- MasterCraft Boat Holdings, Inc. MCFT fell 12.7% to close at $20.74. The company posted positive quarterly earnings but issued a weak FY23 guidance. MasterCraft Boat also sold its NauticStar business to Iconic Marine Group.
- Mercer International Inc. mercenary fell 12.5% to close at $14.07.
- The Lovesac company LOVE fell 12.4% to close at $26.18 after the second quarter results.
- Erasca, Inc. TIMES fell 11.3% to close at $8.34. Erasca announced preliminary phase 1/1b monotherapy data for the ERK1/2 inhibitor ERAS-007 and the SHP2 inhibitor ERAS-601 in BRAF-driven and RAS/MAPK-altered solid tumors.
- Sylvamo Corporation SLVM declined 9.8% to close at $36.50.
- Saber Corporation SABR fell 9.5% to close at $6.54 after Mizuho maintained a Neutral rating on the stock and lowered its price target to $7 from $8.
- American Eagle Outfitters, Inc. AEO Shares fell 8.7% to $10.58 after the company reported worse-than-expected Q2 EPS results.
- Wheels Up Experience Inc. HIGH fell 8.6% to close at $1.71.
- Verint Systems Inc. VRNT 8% fell…
