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


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

  • 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.

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

Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversbig losersTop Losers