U.S. stocks closed higher on Tuesday, with the Dow Jones gaining around 400 points. Here is the list of some big stocks recording losses in the previous session.
- Perfect Corp. PERF shares tumbled 39.2% to close at $5.27 on Tuesday. Goldman Sachs, on Monday, initiated coverage on Perfect with a Neutral rating and announced a price target of $7.8.
- AGBA Group Holding Limited AGBA dropped 21.4% to close at $4.9650. AGBA Acquisition Limited recently completed its business combination with TAG Holdings Limited.
- Brooge Energy Limited BROG declined 20.2% to close at $5.65.
- Agora, Inc. API dipped 20% to close at $2.68 after the company posted downbeat Q3 results and issued weak FY22 sales forecast.
- Satixfy Communications Ltd. SATX fell 19.6% to close at $25.04.
- Dycom Industries, Inc. DY declined 17.7% to close at $90.20 after the company reported Q3 earnings results.
- Noah Holdings Limited NOAH dropped 17.1% to settle at $12.41 following Q3 results.
- Construction Partners, Inc. ROAD fell 16.1% to close at $27.29 after reporting Q4 results.
- Jack in the Box Inc. JACK fell 16.1% to close at $71.24 after the company issued soft FY23 guidance.
- iQIYI, Inc. IQ fell 14.4% to close at $2.43 following Q3 results.
- FiscalNote Holdings, Inc. NOTE dipped 13.9% to close at $5.14
- GDS Holdings Limited GDS fell 13.7% to close at $11.93.
- Actinium Pharmaceuticals, Inc. ATNM declined 13.1% to close at $10.24.
- Tsakos Energy Navigation Limited TNP dropped 11.8% to close at $17.72 following downbeat quarterly earnings.
- SomaLogic, Inc. SLGC dipped 11.4% to close at $2.81.
- TDCX Inc. TDCX fell 11.1% to settle at $10.21 following weak quarterly sales.
- Novavax, Inc. NVAX dipped 10.7% to close at $16.92. Novavax delivered a written notice to Gavi, the Vaccine Alliance, terminating with immediate effect an agreement for the sale of its COVID-19 vaccine to low- and middle-income countries.
- Ardelyx, Inc. ARDX fell 10.6% to close at $1.85.
- Dada Nexus Limited DADA dropped 10.5% to settle at $4.34. Shares of Chinese companies traded lower amid a rise in COVID-19 cases in China, which has resulted in lockdown measures.
- SoundHound AI, Inc. SOUN dipped 10.5% to close at $1.45. SoundHound recently reported better-than-expected Q3 EPS and sales results.
- Movado Group, Inc. MOV fell 10.1% to close at $30.11 after the company posted downbeat quarterly sales and lowered FY23 sales forecast.
- Chico’s FAS, Inc. CHS dipped 10% to settle at $6.40 after the company issued weak Q4 forecast.
- Cue Health Inc. HLTH fell 9.7% to close at $2.61.
- BeiGene, Ltd. BGNE dropped 9.3% to close at $176.54. Shares of Chinese stocks traded lower amid a rise in COVID-19 cases in China, which has resulted in lockdown measures.
- Nikola Corporation NKLA dropped 9.1% to settle at $2.30
- Central Garden & Pet Company CENTA fell 8.8% to close at $38.24 following weak quarterly results.
- Dollar Tree, Inc. DLTR fell 7.8% to close at $152.37 after the company reported Q3 earnings results.
- Mesa Laboratories, Inc. MLAB declined 7.7% to close at $169.90 after the company announced its Clinical Genomics Division customer, Sema4, will exit the reproductive health screening business. Sema4 informed the company it will reduce the quantity of orders in Q3.
- Zoom Video Communications, Inc. ZM slipped 3.9% to close at $77.15 after the company reported better-than-expected results, but issued weak guidance.