U.S. stocks traded lower midway through trading, with the Nasdaq dropping over 100 points on Tuesday. All the three major indices recorded their third weekly loss in a row, with the Dow dropping around 3%, and the S&P 500 down around 3.3%.
Gainers
Mobile Global Esports Inc. (NASDAQ: MGAM) shares surged 103.9% to settle at $5.30 on Tuesday. Shares are in low-float territory; the issue has about 15 million shares in its float.
Azure Power Global Ltd’s (NYSE: AZRE) CEO resigned merely two months after assuming the role, and there is lack of visibility around the company’s long-term plans, according to Credit Suisse.
Azure Power Global Ltd (NYSE: AZRE) shares are trading lower by 12.31% to $5.13 Tuesday morning after Credit Suisse downgraded the stock from Outperform to Underperform and lowered its price target from $22 to $5.