U.S. stocks traded lower, with the Dow Jones dropping around 300 points on Wednesday. Here are some big stocks recording losses in today’s session.
- Arrival (NASDAQ:ARVL) shares dropped 20.5% to $0.4850.
- Marathon Digital Holdings, Inc. (NASDAQ:MARA) declined 16.4% to $7.01.
- Hut 8 Mining Corp. (NASDAQ:HUT) fell 16.4% to $1.5390.
- OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) dropped 13.3% to $8.25.
- EHang Holdings Limited (NASDAQ:EH) shares declined 13% to $11.82.
- Gorilla Technology Group Inc. (NASDAQ:GRRR) fell 12.7% to $5.70.
- Bright Health Group, Inc. (NYSE:BHG) declined 12.5% to $0.9095. Bright Health Group recently announced it increased 2023 Enterprise Revenue guidance to $3.4 – $3.6 billion.
- Chegg, Inc. (NYSE:CHGG) fell 12.2% to $21.45. Needham downgraded Chegg from Buy to Hold.
- BIT Mining Limited (NYSE:BTCM) declined 12.2% to $3.83.
- Full Truck Alliance Co. Ltd. (NASDAQ:YMM) dipped 11.8% to $8.48.
- Riot Platforms, Inc. (NASDAQ:RIOT) dropped 11.4% to $5.68.
- Clear Secure, Inc. (NYSE:YOU) fell 11.4% to $27.16.
- MicroStrategy Incorporated (NASDAQ:MSTR) dropped 10.7% to $210.52.
- Arqit Quantum Inc. (NASDAQ:ARQQ) fell 10.5% to $2.5950.
- bluebird bio, Inc. (NASDAQ:BLUE) dropped 9.9% to $6.56 after the company announced a proposed public offering of common stock.
- Nicolet Bankshares, Inc. (NYSE:NIC) fell 8.3% to $72.25.
- YETI Holdings, Inc. (NYSE:YETI) dropped 7.9% to $41.63. Cowen & Co. downgraded YETI Holdings from Outperform to Market Perform and announced a $47 price target.
- The PNC Financial Services Group, Inc. (NYSE:PNC) fell 5.4% to $153.15 after the company reported worse-than-expected earnings results.
- The Charles Schwab Corporation (NYSE:SCHW) dropped 3.4% to $80.69 after the company reported Q4 and FY22 financial results.
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