US stocks ended lower with the Nasdaq Composite falling over 100 points on Friday. Here is the list of some big stocks that posted losses in the previous session.
- Getty Images Holdings, Inc. GETY Shares fell 36.4% to close at $8.49.
- Pagaya Technologies Ltd. PGY declined 28.7% to close at $7.87.
- FedEx Corporation FDX fell 21.4% to close at $161.02 after the company released preliminary first-quarter results. Keybanc and JP Morgan also downgraded the stock.
- NCR Corporation NKR Shares fell 20.3% to close at $23.20 after the company announced it would split into two independent, publicly traded companies — one focused on digital commerce, the other on ATMs.
- AMTD Digital Inc. HKD fell 19.8% to close at $108.00 after falling around 29% on Thursday.
- Alignment Healthcare, Inc. ALHC fell 19.5% to $12.88 after the company announced a secondary offering.
- Recursion Pharmaceuticals, Inc. RXRX fell 17.6% to close at $10.80. Keybanc began coverage of Recursion Pharmaceuticals with an Overweight rating and announced a price target of $20.
- Verve Therapeutics, Inc. VERV declined 11.9% to close at $36.55.
- Westrock company WRK declined 11.5% to close at $34.15. Jefferies kept WestRock on hold and cut the price target to $42 from $45.
- International paper company IP fell 11.2% to close at $35.23 after Jefferies downgraded the stock to Underperform from Hold and lowered its price target to $31 from $40.
- Enovix Corporation ENVX fell 11.2% to $21.74. Shares in several companies across the broader industrials sector traded lower on fears of an economic slowdown that could weigh on consumer spending.
- Carvana Co. CVNA fell 11.1% to $32.92 amid negative economic sentiment. A slowdown in the economy could cause consumers to cut back on spending, which would negatively impact the auto market.
- Packing Company of America PKG fell 11% to close at $118.07.
- Vipshop Holdings Limited VIPs down 10.9% to close at…
