Advance Auto Parts, Nordstrom And Other Big Stocks Recording Losses On Wednesday

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U.S. stocks closed higher with the Nasdaq Composite gaining 50 points on Wednesday. Here is the list of some big stocks moving lower in the previous session.

  • Starbox Group Holdings Ltd. STBX shares declined 36.2% to settle at $9.83 on Wednesday after jumping 285% on Tuesday. Starbox Group priced 5 million share IPO at $4.00 per share.
  • WeTrade Group, Inc. WETG fell 20.8% to close at $2.55. WeTrade recently entered into strategic partnership with Guyguide to exclusively design and provide Monkeypox testing kits and insurance coverage products for traveling packages to US, Canada, Australia and European countries.
  • Nordstrom, Inc. JWN tumbled 20% to close at $18.57. Nordstrom reported better-than-expected results for its second quarter, but lowered its FY22 outlook.
  • Citi Trends, Inc. CTRN declined 18.8% to close at $24.82 after the company reported worse-than-expected Q2 results.
  • ScanSource, Inc. SCSC fell 16.8% to close at $28.40 after the company posted downbeat Q4 earnings.
  • Caleres, Inc. CAL fell 15.5% to settle at $25.16 following Q2 results.
  • Summit Therapeutics Inc. SMMT declined 15% to close at $1.30.
  • Janux Therapeutics, Inc. JANX dropped 13.1% to settle at $12.68.
  • Revlon, Inc. REV fell 11.6% to close at $6.80 following a Bloomberg report suggesting the Revlon bankruptcy judge rejected the shareholder plea for a bankruptcy committee.
  • Nutex Health, Inc. NUTX fell 10.3% to close at $3.06. Nutex Health recently posted a Q2 loss of $0.03 per share.
  • Omeros Corporation OMER fell 9.9% to close at $4.3150.
  • Advance Auto Parts, Inc. AAP dipped 9.6% to close at $179.91 after the company reported worse-than-expected Q2 results and issued FY22 guidance.
  • ZTO Express (Cayman) Inc. ZTO dropped 9.1% to close at $24.32 after the company announced a proposed offering of $870 million convertible senior notes.
  • Petco Health and Wellness Company, Inc. WOOF declined 8.8% to settle at $14.34 after the company reported worse-than-expected Q2 EPS and sales results. The company also issued FY22 EPS and sales guidance below analyst estimates.
  • Shoe Carnival, Inc. SCVL dipped 8.7% to close at $22.60. Shoe Carnival is expected to announce Q2 earnings results on Thursday, August 25, 2022.
  • Aehr Test Systems AEHR fell 8.6% to settle at $16.65.
  • Pagaya Technologies Ltd. PGY fell 8.3% to close at $14.36 as the stock continued to sell off following its late-July surge.
  • Apellis Pharmaceuticals, Inc. APLS dropped 7.9% to settle at $61.12. Apellis Pharmaceuticals revealed top-line data readout at 24 months showing increased effects over time with intravitreal pegcetacoplan in the Phase 3 DERBY and OAKS studies in geographic atrophy (GA) secondary to age-related macular degeneration (AMD).
  • Chico's FAS, Inc. CHS fell 7.5% to close at $6.39. Chico's FAS is expected to report Q2 results on Wednesday, August 31, 2022.
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