Sherwin-Williams, Kraft Heinz And Some Other Big Stocks Moving Lower On Wednesday

  • Cassava Sciences, Inc. SAVA fell 19.8% to $17.45. The U.S. Justice Department has opened a criminal investigation into Cassava Sciences on whether it manipulated research results for its investigational Alzheimer's drug, Reuters reported citing two people familiar with the inquiry.
  • Turning Point Brands, Inc. TPB fell 18.2% to $24.42 after the company released financial results for the second quarter ended June 30, 2022, revealing net sales decreased 16.1%, compared to Q2 2021 to $102.9 million.
  • Tenable Holdings, Inc. TENB declined 16.5% to $37.43 after the company reported financial results and issued top-line guidance below analyst estimates.
  • AMTD IDEA Group AMTD dipped 14.4% to $1.5150.
  • Zurn Elkay Water Solutions Corporation ZWS dropped 11.7% to $27.93 following the company's Q2 financial results.
  • Agilysys, Inc. AGYS dropped 11.4% to $45.67 after the company reported Q1 earnings results.
  • The Sherwin-Williams Company SHW dipped 11.2% to $225.85 after the company reported worse-than-expected Q2 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
  • Travelzoo TZOO fell 11.1% to $5.84 following downbeat Q2 results.
  • MINISO Group Holding Limited MNSO dipped 9.6% to $5.54. Blue Orca Capital recently issued a short report on the stock.
  • Hawaiian Holdings, Inc. HA dropped 8.4% to $13.74 after the company reported worse-than-expected Q2 EPS results.
  • Garmin Ltd. GRMN fell 8.3% to $94.03 after the company reported worse-than-expected Q2 sales results and issued FY22 EPS and sales guidance below analyst estimates.
  • Qualys, Inc. QLYS dropped 7.4% to $116.14.
  • Teledyne Technologies Incorporated TDY fell 7.4% to $370.35 as the company reported second-quarter FY22 sales growth of 20.9% year-over-year to $1.36 billion, +8.2% on an organic basis, in line with the consensus of $1.36 billion. The company expects FY22 GAAP EPS of $15.13 - $15.45 (prior expectations $15.34 - $15.66).
  • The Kraft Heinz Company KHC fell 6.6% to $36.09 after the company reported Q2 financial results.
  • AXIS Capital Holdings Limited AXS fell 4.3% to $51.67 following Q2 results.


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