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Groupon, Spectrum Brands, Adobe And Other Big Losers From Thursday

Benzinga Real-time News ·  Sep 16, 2022 05:26

U.S. stocks closed lower with the Nasdaq 100 dropping around 200 points on Thursday. Here is the list of some big stocks recording losses in the previous session.

  • AMTD Digital Inc. (NYSE:HKD) shares fell 28.9% to close at $134.69 after jumping 312% on Wednesday.
  • Adobe Inc. (NASDAQ:ADBE) dropped 16.8% to close at $309.13 after the company reported Q3 earnings results, issued Q4 sales guidance below estimates and announced it will acquire Figma for approximately $20 billion in cash and stock.
  • Arconic Corp (NYSE:ARNC) fell 16.6% to close at $21.24 as the company lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million.
  • Spectrum Brands Holdings, Inc. (NYSE:SPB) dropped 16.2% to close at $49.29. Spectrum Brands' will oppose attempt to block the U.S. Department of Justice's Opposition to the sale of its Hardware and Home Improvement division to ASSA ABLOY.
  • Steelcase Inc. (NYSE:SCS) fell 10.9% to close at $9.60. Sidoti & Co. downgraded Steelcase from Buy to Neutral.
  • Groupon, Inc. (NASDAQ:GRPN) fell 10.8% to close at $11.13 after the company said Q3 adjusted EBITDA is expected to be lower than Q2.
  • Rocket Lab USA, Inc. (NASDAQ:RKLB) dropped 10.7% to close at $5.10.
  • CVR Energy, Inc. (NYSE:CVI) fell 9.5% to settle at $29.63. Wolfe Research downgraded CVR Energy from Outperform to Peer Perform.
  • Array Technologies, Inc. (NASDAQ:ARRY) dropped 9.5% to close at $18.01 after Jehoshaphat Research issued a short report on the stock.
  • HUTCHMED (China) Limited (NYSE:HCM) declined 8.8% to settle at $12.07.
  • Peabody Energy Corporation (NYSE:BTU) dipped 7.2% to close at $21.52.
  • PBF Energy Inc. (NYSE:PBF) fell 5.5% to close at $28.77. Shares of oil companies traded lower after rail companies and union negotiators came to a tentative agreement, averting a railroad strike. A strike would have caused supply shortages and lifted oil prices.
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