U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Rain Oncology Inc. (NASDAQ:RAIN) shares dipped 17.4% to $10.30.
- CommVault Systems, Inc. (NASDAQ:CVLT) shares declined 16.1% to $54.33 after the company issued Q3 guidance below estimates. Piper Sandler cut its price target on the stock from $70 to $60.
- Gladstone Commercial Corporation (NASDAQ:GOOD) dropped 12.1% to $17.08.
- Studio City International Holdings Limited (NYSE:MSC) fell 11.7% to $7.00.
- Halozyme Therapeutics, Inc. (NASDAQ:HALO) declined 10.8% to $49.66 after the company issued FY23 adjusted EPS and revenue guidance below estimates.
- Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 10.7% to $26.48 after the company issued preliminary Q4 revenue results below estimates.
- Sabre Corporation (NASDAQ:SABR) dropped 10.5% to $6.20 after B of A Securities downgraded the stock from Buy to Underperform and lowered its price target from $11 to $7.
- Terns Pharmaceuticals, Inc. (NASDAQ:TERN) fell 10.2% to $7.92.
- GDS Holdings Limited (NASDAQ:GDS) dropped 9.9% to $21.52 after the company announced a private convertible senior notes offering.
- Pharvaris N.V. (NASDAQ:PHVS) fell 9.3% to $9.50.
- CureVac N.V. (NASDAQ:CVAC) fell 9% to $11.37.
- Tandem Diabetes Care, Inc. (NASDAQ:TNDM) dropped 6.8% to $41.49. Tandem Diabetes Care reported Q4 preliminary sales of $224 million, versus estimates of $221.56 million t.
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