Snap, HCA Healthcare, Twitter And Some Other Big Stocks Moving Lower On Friday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Friday. Here are some big stocks recording losses in today’s session.

• Tenet Healthcare Corporation THC shares tumbled 30.4% to $37.78 after the company reported worse-than-expected Q3 sales results and issued Q4 and FY22 adjusted EPS and sales guidance below estimates.
• Snap Inc. SNAP fell 30.3% to $7.53 following Q3 results. The company said it will not provide Q4 expectations due to uncertainties in the operating environment but believes it is likely that year-over-year revenue growth will decelerate as it moves through Q4. The company also said total time spend watching content in the US decreased 5% year over year.
• SVB Financial Group SIVB dropped 20.5% to $240.49 after reporting Q3 earnings.
• Surgery Partners, Inc. SGRY declined 12.6% to $22.97.
• Robert Half International Inc. RHI shares dropped 10.1% to $71.78 after reporting downbeat Q3 earnings.
• Bed Bath & Beyond Inc. BBBY fell 9.4% to $4.5766.
• HCA Healthcare, Inc. HCA dropped 9.2% to $189.50 after the company reported worse-than-expected Q3 sales results.
• Select Medical Holdings Corporation SEM declined 8.3% to $21.62.
• Pinterest, Inc. PINS fell 7.1% to $21.35 in sympathy with Snap, which gave an uncertain fourth-quarter outlook.
• Twitter, Inc. TWTR shares fell 4.3% to $50.18. The U.S. is reportedly discussing the possibility of subjecting Elon Musk’s companies to national security reviews. Musk has also been locked in a battle over buying Twitter. The U.S. government is reportedly unhappy with the billionaire mobilizing financing from foreign high-net-worth individuals to consummate the deal.