US stocks closed lower, with the Nasdaq 100 down around 200 points on Thursday. Here is the list of some big stocks that posted losses in the previous session.
- AMTD Digital Inc. HKD Shares fell 28.9% to close at $134.69 after rising 312% on Wednesday.
- Adobe Inc. ADBE fell 16.8% to close at $309.13 after the company reported Q3 earnings, issued Q4 revenue guidance below estimates and announced it would buy Figma for about $20 billion in cash and buy it in shares.
- arconic corp ARNC Plunged 16.6% to close at $21.24 as the company lowered its FY22 revenue guidance to $9.2-$9.5 billion from $9.6-$10 billion . The company also said it expects adjusted EBITDA for the third quarter to be in the range of $135 million to $150 million.
- Spectrum Brands Holdings, Inc. SPB fell 16.2% to close at $49.29. Spectrum Brands will resist attempts to block the US Department of Justice’s opposition to the sale of its hardware and home improvement business to ASSA ABLOY.
- Steelcase Inc. SCS fell 10.9% to close at $9.60. Sidoti & Co. downgraded Steelcase from Buy to Neutral.
- Groupon, Inc. GRPN fell 10.8% to close at $11.13 after the company said adjusted EBITDA for Q3 is expected to be lower than Q2.
- Rocket Lab USA, Inc. RKLB fell 10.7% to close at $5.10.
- CVR Energy, Inc. CVI fell 9.5% to $29.63. Wolfe Research has downgraded CVR Energy from Outperform to Peer Perform.
- Array Technologies, Inc. ARRY The price fell 9.5% to close at $18.01 after Jehoshaphat Research issued a brief report on the stock.
- HUTCHMED (China) Limited HCM fell 8.8% to $12.07.
- Peabody Energy Corporation Btu fell 7.2% to close at $21.52.
- PBF Energy Inc. PBF fell 5.5% to close at $28.77. Oil company shares traded lower after railroad and union negotiators reached a tentative agreement to avert a railroad strike. A strike would have led to supply bottlenecks and rising oil prices.
