U.S. stocks closed lower, with the Nasdaq dropping 150 points on Tuesday. Here is the list of some big stocks moving lower in the previous session.
- Magic Empire Global Limited (NASDAQ:MEGL) dipped 89.5% to close at $12.32 on volatility following the company's IPO on Friday.
- AMTD Digital Inc. (NYSE:HKD) dropped 47.7% to close at $212.00 on possible profit taking after the stock surged over the last few trading days.
- Vertex Energy, Inc. (NASDAQ:VTNR) declined 44.2% to settle at $7.80 after the company reported worse-than-expected Q2 EPS.
- Turtle Beach Corporation (NASDAQ:HEAR) shares fell 31.8% to close at $9.54 after reporting downbeat second quarter financial results and announced an update to a strategic review.
- Novavax, Inc. (NASDAQ:NVAX) dipped 29.6% to close at $40.28 after the company reported second-quarter revenue decline of 37.6% year-over-year to $185.9 million. The company also lowered its sales forecast for the year.
- CarGurus, Inc. (NASDAQ:CARG) fell 25.5% to close at $19.16 after the company issued weak forecast for the third quarter.
- Superior Group of Companies, Inc. (NASDAQ:SGC) declined 25.4% to end at $13.93 following downbeat quarterly earnings.
- TaskUs, Inc. (NASDAQ:TASK) dropped 24.3% to close at $17.73 after the company issued FY22 sales guidance below estimates.
- LivePerson, Inc. (NASDAQ:LPSN) fell 21.8% to close at $12.95 after the company reported worse-than-expected Q2 EPS and sales results. The company also lowered FY22 sales guidance below analyst estimates and issued Q3 sales guidance below estimates.
- AMTD IDEA Group (NYSE:AMTD) fell 20.8% to settle at $2.36 amid continued profit takin.
- Wayfair Inc. (NYSE:W) dropped 17% to close at $59.61.
- The Beauty Health Company (NASDAQ:SKIN) dipped 16.2% to settle at $12.80 after the company reported Q2 earnings results.
- Freshpet, Inc. (NASDAQ:FRPT) fell 15.1% to close at $47.84 after the company reported worse-than-expected Q2 EPS and sales results.
- 3D Systems Corporation (NYSE:DDD) shares fell 15% to settle at $11.26 after the company reported a loss for its second quarter and lowered its FY22 sales guidance.
- Trex Company, Inc. (NYSE:TREX) fell 15% to close at $54.28 following Q2 results.
- Twist Bioscience Corporation (NASDAQ:TWST) dropped 14.2% to settle at $48.53. Twist Bioscience recently reported better-than-expected Q3 EPS and sales results and raised FY22 revenue guidance above analyst estimates.
- AdaptHealth Corp. (NASDAQ:AHCO) dipped 13.5% to settle at $22.24 after the company reported worse-than-expected Q2 EPS results.
- Helios Technologies, Inc. (NASDAQ:HLIO) fell 13% to close at $61.15 after the company reported Q2 earnings results.
- Onto Innovation Inc. (NYSE:ONTO) declined 12.1% to close at $74.81 after Q2 results.
- Upstart Holdings, Inc (NASDAQ:UPST) fell 11.8% to close at $28.45 after the company reported Q2 results and issued Q3 sales guidance below estimates.
- Signet Jewelers Limited (NYSE:SIG) declined 11.7% to close at $59.75 after the company cut FY23 sales guidance below analyst estimates.
- ICU Medical, Inc. (NASDAQ:ICUI) fell 11.6% to close at $166.31 after the company reported worse-than-expected Q2 EPS and sales results.
- Synaptics Incorporated (NASDAQ:SYNA) dropped 11.3% to close at $128.78.
- ironSource Ltd. (NYSE:IS) fell 11.2% to settle at $4.20.
- Tilray Brands, Inc. (NASDAQ:TLRY) declined 10.7% to close at $3.84.
- Nikola Corporation (NASDAQ:NKLA) dropped 10.6% to close at $6.96 amid profit taking in clean energy vehicles stocks as well as broader risk-off sentiment.
- Coinbase Global, Inc. (NASDAQ:COIN) fell 10.6% to close at $87.68.
- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) dipped 10.5% to close at $12.10 after the company reported worse-than-expected Q2 results and issued Q3 guidance below estimates.
- Nu Holdings Ltd. (NYSE:NU) fell 10.5% to close at $4.25.
- Tandem Diabetes Care, Inc. (NASDAQ:TNDM) dropped 10.4% to settle at $53.84 after Wells Fargo downgraded the stock from Overweight to Underweight and lowered its price target from $82 to $49.
- Doximity, Inc. (NYSE:DOCS) fell 10.2% to settle at $36.49. Doximity recently lowered FY23 sales guidance.
- MaxLinear, Inc. (NYSE:MXL) dropped 9.5% to close at $37.67.
- American Eagle Outfitters, Inc. (NYSE:AEO) fell 9% to close at $11.49.
- Victoria's Secret & Co. (NYSE:VSCO) dropped 8.4% to settle at $35.90.
- Zoom Video Communications, Inc. (NASDAQ:ZM) fell 8.2% to close at $105.29.
- Louisiana-Pacific Corporation (NYSE:LPX) dipped 8.1% to close at $57.54 after the company reported worse-than-expected Q2 sales results.
- The Scotts Miracle-Gro Company (NYSE:SMG) fell 8% to close at $76.12. The Scotts Miracle Gro Company, last week, reported worse-than-expected Q3 sales results and announced it expects FY22 sales to decline 8-9%.
- Ralph Lauren Corporation (NYSE:RL) fell 4.3% to close at $96.77 following Q1 results.
- NVIDIA Corporation (NASDAQ:NVDA) fell 4% to settle at $170.86. NVIDIA, on Monday, issued preliminary Q2 revenue guidance below estimates.
- Micron Technology, Inc. (NASDAQ:MU) dropped 3.7% to close at $59.15 after the company said its Q4 revenue may come in at or below the low end of its guidance range provided in its June earnings call.
- Tesla, Inc. (NASDAQ:TSLA) fell 2.4% to close at $850.00.
