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Benzinga
Benzinga
Business
Lisa Levin

Perrigo, Tripadvisor, Lyft, And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Tuesday. Here are some big stocks recording losses in today’s session.

  • NanoString Technologies, Inc. (NASDAQ:NSTG) shares tumbled 47.5% to $4.84 after the company reported worse-than-expected Q3 results.
  • Bioventus Inc(NASDAQ:BVS) fell 45.1% to $3.8750 after the company reported downbeat Q3 results and lowered FY22 guidance.
  • R1 RCM Inc. (NASDAQ:RCM) dropped 44.2% to $8.23 after the company reported worse-than-expected Q3 EPS and sales results and cut FY22 revenue guidance below estimates.
  • Unisys Corporation (NYSE:UIS) fell 41.2% to $5.27 following downbeat quarterly sales.
  • The Pennant Group, Inc. (NASDAQ:PNTG) fell 27.2% to $9.87 following downbeat quarterly earnings.
  • Clarus Corporation (NASDAQ:CLAR) dropped 24.9% to $8.27 after the company reported worse-than-expected Q3 results and issued FY22 guidance below estimates.
  • Tripadvisor, Inc. (NASDAQ:TRIP) shares fell 21.8% to $18.61 after the company reported worse-than-expected Q3 EPS results.
  • Lyft, Inc. (NASDAQ:LYFT) shares fell 20.2% to $11.29 after the company reported worse-than-expected Q3 sales results and issued Q4 sales guidance below analyst estimates. Evercore ISI Group downgraded Lyft from Outperform to In-Line and lowered the price target from $41 to $18.
  • Akoya Biosciences, Inc. (NASDAQ:AKYA) fell 18.3% to $10.63 as the company posted a wider-than-expected quarterly loss.
  • MeridianLink, Inc. (NYSE:MLNK) fell 17.9% to $13.24 after reporting a loss for the tird quarter.
  • Ocular Therapeutix, Inc. (NASDAQ:OCUL) dipped 17.8% to $2.9199 following Q3 loss.
  • Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) dropped 17.8% to $4.61 after the company reported Q3 financial results.
  • MicroStrategy Incorporated (NASDAQ:MSTR) dropped 14.5% to $228.00 in sympathy with the price of Bitcoin and Ethereum.
  • Silvergate Capital Corporation (NYSE:SI) declined 14.4% to $43.59. Silvergate announced changes to its executive team.
  • Perrigo Company plc (NYSE:PRGO) dropped 14.1% to $33.75 as the company lowered FY22 profit forecast.
  • Lumentum Holdings Inc. (NASDAQ:LITE) fell 13.8% to $60.62 after the company issued Q3 EPS and sales guidance below estimates.
  • Take-Two Interactive Software, Inc. (NASDAQ:TTWO) fell 12.2% to $95.13 after the company reported worse-than-expected Q2 results and issued weak FY23 guidance.
  • SI-BONE, Inc. (NASDAQ:SIBN) dipped 12.1% to $14.73 following Q3 results.
  • FibroGen, Inc. (NASDAQ:FGEN) fell 11.8% to $14.24 following weak quarterly results.
  • Ramaco Resources, Inc. (NASDAQ:METC) shares fell 11.2% to $11.07 after the company reported worse-than-expected Q3 results.
  • Sabra Health Care REIT, Inc. (NASDAQ:SBRA) dipped 10.4% to $12.30 following Q3 results.
  • Coinbase Global, Inc. (NASDAQ:COIN) dropped 10.2% to $51.17. Crypto-related stocks dropped sharply amid marked, ongoing volatility in the broader crypto space amid reports of a possible bankruptcy of popular cryptocurrency exchange FTX.
  • James Hardie Industries plc (NYSE:JHX) fell 9.4% to $19.33 following Q2 results.
  • ShockWave Medical, Inc. (NASDAQ:SWAV) declined 9.2% to $251.84 following Q3 results.
  • Aurora Innovation, Inc. (NASDAQ:AUR) dropped 8.4% to $1.6850.
  • DigitalOcean Holdings, Inc. (NASDAQ:DOCN) fell 6.6% to $27.46 after the company issued a weak forecast for the fourth quarter.
  • Robinhood Markets, Inc. (NASDAQ:HOOD) dropped 6.3% to $11.27. Crypto-related stocks dropped amid marked, ongoing volatility in the broader crypto space amid reports of a possible bankruptcy of popular cryptocurrency exchange FTX.
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