Foot Locker, Peloton Interactive And Other Big Stocks Moving Lower On Wednesday
U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Wednesday. Here are some big stocks recording losses in today’s session.
Foot Locker, Inc. (NYSE:FL) shares tumbled 34.4% to $15.18 after the company reported a second-quarter revenue miss and an 11% rise in inventories. The company also lowered its gross margin guidance, citing more aggressive markdowns.
Peloton Interactive, Inc. (NASDAQ:PTON) fell 23.6% to $5.34 after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers. The company also issued soft Q1 revenue guidance.
Tivic Health Systems, Inc. (NASDAQ:TIVC) tumbled 23.1% to $3.02 after the company announced a 1-for-100 reverse stock split.
AMC Entertainment Holdings, Inc. (NYSE:AMC) declined 17.6% to $2.1001 ahead of a 10-to-1 reverse stock split scheduled to take effect Thursday. AMC Preferred Equity Units will be converted to AMC common stock the following day.
The Growth for Good Acquisition Corporation (NASDAQ:GFGD) fell 11.1% to $9.40.
Definitive Healthcare Corp. (NASDAQ:DH) dipped 9.7% to $9.18.
Lancaster Colony Corporation (NASDAQ:LANC) fell 9.6% to $165.25 after the company reported worse-than-expected fourth-quarter results.
Premier, Inc. (NASDAQ:PINC) shares declined 8.1% to $22.09. Premier reported fourth-quarter 2023 revenue of $340.4 million, missing the consensus of $356.3 million.
CompX International Inc. (NYSE:CIX) fell 7.6% to $23.21.
iQIYI, Inc. (NASDAQ:IQ) fell 7.3% to $4.5350. HSBC and Benchmark lowered their price targets on the stock.
CVR Energy, Inc. (NYSE:CVI) declined 7.2% to $32.17. CARL ICAHN, 10% owner at CVR Energy, reported a large insider sell on Aug. 22, according to a new SEC filing.
Agiliti, Inc. (NASDAQ:AGTI) fell 6.7% to $10.02. Agiliti recently announced a $50 million share repurchase plan over a 12-month period.
NIKE, Inc. (NYSE:NKE) fell 4% to $97.39 in sympathy with Foot Locker, which reported a second-quarter revenue miss and lowered its guidance.
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