Avis Budget, Zebra Technologies And Some Other Big Stocks Moving Lower On Tuesday



  • FAT Brands Inc. FATBB fell 30% to $10.50. The company recently posted a Q2 net loss of $8.2 million or $0.50 per share.

  • DZS Inc. DZSI fell 23% to $15.06 after the company reported worse-than-expected Q2 results.

  • Syneos Health, Inc. SYNH dipped 16.8% to $65.82 as the company lowered its FY22 guidance.

  • TimkenSteel Corporation TMST fell 16.4% to $16.49 after KeyBanc downgraded the stock from Overweight to Sector Weight.

  • Daseke, Inc. DSKE declined 14.6% to $7.34 following Q2 results.

  • Titan International, Inc. TWI fell 14.4% to $14.52 following weak quarterly sales.

  • Enhabit, Inc. EHAB dropped 13.9% to $15.47. Enhabit reported a 6.3% year-over-year decline in net service revenue.

  • Emergent BioSolutions Inc. EBS dropped 13.1% to $29.76 following downbeat quarterly results.

  • Astec Industries, Inc. ASTE fell 11.4% to $43.38 after reporting a decline in quarterly earnings.

  • Woodward, Inc. WWD dipped 10.2% to $94.12 after the company issued FY22 guidance below estimates. The company said its Q3 profitability was impacted by labor and material inflation as well as global supply chain and labor disruption.

  • Molson Coors Beverage Company TAP fell 10.2% to $53.57 after the company reported worse-than-expected Q2 sales results.

  • Tellurian Inc. TELL dipped 10.1% to $3.20. Evercore ISI Group downgraded Tellurian from Outperform to In-Line and lowered the price target from $7.5 to $4.5.

  • Matson, Inc. MATX fell 9.9% to $82.26 following Q2 results.

  • Avis Budget Group, Inc. CAR dropped 9.1% to $164.66. Avis Budget reported better-than-expected Q2 EPS and sales results.

  • Zebra Technologies Corporation ZBRA dropped 8.8% to $326.73 after the company issued Q3 guidance below estimates.

  • Encore Wire Corporation WIRE dipped 8.7% to $126.28. Encore Wire recently reported better-than-expected Q2 sales results.

  • Arconic Corporation ARNC fell 8.6% to $27.82 as the company lowered its FY22 top-line outlook.

  • Sealed Air Corporation SEE fell 8.4% to $56.31 following Q2 results.

  • Credit Acceptance Corporation CACC dropped 8.3% to $533.62 after reporting Q2 results.

  • Arbor Realty Trust, Inc. ABR fell 7.8% to $15.26.

  • Kemper Corporation KMPR dropped 7% to $43.10 following Q2 results.

  • Waters Corporation WAT fell 5.9% to $343.97 after reporting Q2 results. Waters sees Q3 adjusted. EPS of $2.50-$2.60 versus analysts’ estimates of $2.70,

  • Credit Suisse Group AG CS fell 5.5% to $5.45. Credit Suisse Group recently reported quarterly losses of 62 cents per share.





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