U.S. stocks closed lower on Monday, with the Nasdaq Composite dropping more than 200 points. Here is the list of some big stocks moving lower in the previous session.
- Trinseo PLC (NYSE:TSE) fell 22% to close at $33.52 after the company announced it will pause the sale process of its styrenics business.
- Coinbase Global, Inc. (NASDAQ:COIN) fell 21.1% to close at $52.93.
- The Aaron's Company, Inc. (NYSE:AAN) fell 15.3% to close at $13.13 after the company lowered its sales guidance for the full year.
- MINISO Group Holding Limited (NYSE:MNSO) fell 15% to close at $6.13. Blue Orca Capital issued a short report on MINISO Group.
- Shopify Inc. (NYSE:SHOP) dropped 14.1% to close at $31.55 after the company announced it will lay off 10% of its workforce.
- Legend Biotech Corporation (NASDAQ:LEGN) dipped 13.9% to settle at $43.49. Legend Biotech recently announced a $250 million proposed public offering.
- TransUnion (NYSE:TRU) fell 13.8% to settle at $75.52 after the company reported worse-than-expected Q2 sales results and issued Q3 and FY22 adjusted EPS and sales guidance below estimates.
- KnowBe4, Inc. (NASDAQ:KNBE) dropped 12.1% to close at $14.50.
- Affirm Holdings, Inc. (NASDAQ:AFRM) fell 11.7% to close at $23.10 after Walmart cut guidance. Walmart uses Affirm as a payment option. The company also has a partnership with Shopify, which announced a workforce reduction.
- UBS Group AG (NYSE:UBS) dropped 11.3% to close at $14.89 after the company reported Q2 earnings. B of A Securities downgraded the stock from Buy to Neutral.
- Jamf Holding Corp. (NASDAQ:JAMF) fell 11% to settle at $23.31.
- MicroStrategy Incorporated (NASDAQ:MSTR) declined 10.6% to close at $237.64 after Jefferies downgraded the stock from Hold to Underperform.
- Rent-A-Center, Inc. (NASDAQ:RCII) fell 10.3% to close at $21.09.
- Commvault Systems, Inc. (NASDAQ:CVLT) declined 9.9% to settle at $55.23 following Q1 results.
- Sprout Social, Inc. (NASDAQ:SPT) fell 9.1% to settle at $49.29.
- Zscaler, Inc. (NASDAQ:ZS) dipped 9.1% to close at $141.95 after BTIG Downgraded the stock from Buy to Neutral.
- Kohl's Corporation (NYSE:KSS) fell 9.1% to settle at $26.32 in sympathy with Walmart, which cut guidance amid inventory markdowns.
- Wayfair Inc. (NYSE:W) dropped 8.6% to close at $45.10.
- Roku, Inc. (NASDAQ:ROKU) fell 7.9% to settle at $79.87 after Wolfe Research downgraded the stock from Peer Perform to Underperform.
- Walmart Inc. (NYSE:WMT) shares fell 7.6% to close at $121.98 after the company cut guidance for the second quarter and full fiscal year. Walmart said it revised its outlook as a result of pricing actions aimed to improve inventory levels at Walmart and Sam's Club in the U.S. and mix of sales.
