CommVault Systems, Halozyme Therapeutics And Other Big Stocks Moving Lower On Wednesday


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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.

Check This Out: Top 5 Financial Stocks That May Plunge


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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