Smucker, FuelCell Energy, Granite Ridge Resources And Other Big Stocks Moving Lower On Monday

U.S. stocks traded higher, with the Dow Jones gaining around 100 points on Monday. Here are some big stocks recording losses in today’s session.

• IHS Holding Limited IHS shares fell 15.7% to $5.01.
• Granite Ridge Resources, Inc. GRNT fell 11% to $6.67. Granite Ridge Resources launched a secondary public offering of 7.1 million shares by selling stockholders.
• Puyi Inc. PUYI tumbled 9.6% to $5.20.
• Butterfly Network, Inc. BFLY declined 8.8% to $1.7050.
• Madrigal Pharmaceuticals, Inc. MDGL fell 8.7% to $179.48. Madrigal Pharmaceuticals named Bill Sibold as CEO.
• FuelCell Energy, Inc. FCEL fell 8.6% to $1.3150. FuelCell Energy reported a third-quarter FY23 revenue decline of 41% year-over-year to $25.51 million, missing the consensus of $27.72 million.
• Virgin Galactic Holdings, Inc. SPCE dipped 8.3% to $2.0998.
• Marathon Digital Holdings, Inc. MARA fell 8% to $10.04.
• The J. M. Smucker Company SJM declined 7.9% to $130.39 after the company announced it will acquire Hostess Brands.
• SmartRent, Inc. SMRT shares declined 7.5% to $2.84.
• Pharvaris N.V. PHVS fell 7.2% to $19.70.
• Vertical Aerospace Ltd. EVTL declined 6.1% to $1.6150.
• RTX Corporation RTX fell 5.9% to $78.52. RTX provided an update on the impact to the Pratt & Whitney GTF fleet (PW1100 GTF engines, which power the A320neo) arising from the previously disclosed rare condition in powder metal used to manufacture certain engine parts.
• VinFast Auto Ltd. VFS fell 5.2% to $16.26.

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