stockmarket

3M, Magna International And Other Big Stocks Moving Lower On Tuesday



© Reuters. 3M, Magna International And Other Big Stocks Moving Lower On Tuesday

Benzinga – U.S. stocks traded mostly higher, with the Dow Jones gaining over 50 points on Tuesday. Here are some big stocks recording losses in today’s session.

  • Satixfy Communications Ltd. (NASDAQ: SATX) shares tumbled 64% to $2.60. SatixFy recently appointed Ido Gur as its new Chief Executive Officer.
  • Scilex Holding Company (NASDAQ: SCLX) fell 36.4% to $6.05.
  • Cassava Sciences, Inc. (NASDAQ: SAVA) dropped 22.4% to $28.28 after the company reported top-line clinical results in Phase 2 study evaluating simufilam in Alzheimer’s disease.
  • MicroCloud Hologram Inc. (NASDAQ: HOLO) declined 21.2% to $10.21.
  • FLJ Group Limited (NASDAQ: FLJ) fell 12.4% to $2.33.
  • Sorrento Therapeutics, Inc. (NASDAQ: SRNE) dropped 8.9% to $0.9747. Sorrento released unblinded Phase 1b study data of OVYDSO in COVID patients.
  • Amyris, Inc. (NASDAQ: AMRS) fell 8.3% to $1.6693.
  • PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) dropped 8.1% to $10.85. PennantPark Floating Rate Capital announced pricing of $47.6 million public offering of 4.25 million share of common stock at a price of $11.20 per share.
  • Magna International Inc. (NYSE: MGA) fell 7.6% to $60.47 after the company reported FY22 preliminary sales results. The company expects its EBIT margin to fall below its outlook range.
  • ServisFirst Bancshares, Inc. (NASDAQ: SFBS) dropped 7.2% to $66.74 following Q4 results.
  • NBT Bancorp Inc. (NASDAQ: NBTB) fell 6.6% to $39.56 following Q4 earnings.
  • 3M Company (NYSE: MMM) dropped 5.7% to $115.60 after the company reported worse-than-expected Q4 adjusted EPS results and issued FY23 adjusted EPS guidance below estimates.
Read More   Hertz’s Quirky Stock Gives Retail Holders $5 Edge Over Insiders

Check This Out: $3M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.