U.S. stocks closed lower with the Nasdaq Composite dropping more than 300 points on Thursday. Here is the list of some big stocks recording losses in the previous session.
- Rite Aid Corporation (NYSE:RAD) dipped 28% to settle at $5.06 after the company reported worse-than-expected Q2 EPS and lowered its FY23 adjusted EBITDA guidance. The company also said it expects continued pressure on consumer spending and supply chain challenges.
- Altus Power, Inc. (NYSE:AMPS) fell 23.7% to close at $10.86. Altus Power priced its 7 million share secondary underwritten public offering of class A common stock at $11.50 per share.
- CarMax, Inc. (NYSE:KMX) fell 23.5% to $66.05 after the company reported worse-than-expected Q2 results.
- Carvana Co. (NYSE:CVNA) fell 19.7% to close at $21.57 in sympathy with CarMax after the stock plunged following the company's weak second-quarter results.
- Peloton Interactive, Inc. (NASDAQ:PTON) fell 14.4% to close at $5.26 as economic concerns pressurized discretionary stocks.
- Lufax Holding Ltd (NYSE:LU) fell 12.8% to close at $2.52.
- Worthington Industries, Inc. (NYSE:WOR) dipped 12.4% to close at $42.99 after the company reported Q1 earnings results.
- Olaplex Holdings, Inc. (NASDAQ:OLPX) fell 12.2% to close at $9.62 after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $19 to $12.
- Enel Chile S.A. (NYSE:ENIC) fell 11.9% to close at $1.33.
- Kanzhun Limited (NASDAQ:BZ) dropped 11.5% to close at $17.16.
- Sunrun Inc. (NASDAQ:RUN) dropped 11.4% to close at $27.52. Shares of several companies in the broader industrials sector traded lower as stocks pull back after gaining on Wednesday.
- Altice USA, Inc. (NYSE:ATUS) fell 11.2% to close at $5.70 after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $12 to $4.
- AutoNation, Inc. (NYSE:AN) declined 10.4% to close at $100.77. AutoNation 10% owner Edward S. Lampert sold a total of 290,735 shares at an average price of $108.39.
- Aurora Innovation, Inc. (NASDAQ:AUR) dropped 10.3% to settle at $2.18. DA Davidson maintained Aurora Innovation with a Buy and lowered the price target from $14.25 to $8.
- ImmunityBio, Inc. (NASDAQ:IBRX) fell 10.2% to close at $4.94.
- NIO Inc. (NYSE:NIO) dropped 10.1% to close at $15.58. Shares of Chinese companies traded lower as global equities fall amid US economic concerns and currency uncertainty.
- Eve Holding, Inc. (NYSE:EVEX) fell 9.8% to settle at $9.94.
- Bowlero Corp. (NYSE:BOWL) dropped 9.3% to close at $12.05. Bowlero recently reported better-than-expected Q4 sales.
- XPeng Inc. (NYSE:XPEV) fell 9.2% to close at $12.11. Shares of Chinese companies traded lower as global equities fell amid US economic concerns and currency uncertainty.
