Weibo, XPeng, Li Auto And Other Big Losers From Friday

Weibo, XPeng, Li Auto And Other Big Losers From Friday

U.S. stocks closed higher on Friday, with the Dow Jones gaining more than 800 points. Here is the list of some big stocks recording losses in the previous session.

  • DaVita Inc. DVA shares dipped 27.1% to close at $70.54 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
  • LeMaitre Vascular, Inc. LMAT declined 19.1% to close at $41.94 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued Q4 EPS and FY22 EPS and sales guidance below analyst estimates.
  • Edwards Lifesciences Corporation EW dropped 17.9% to close at $70.87 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.
  • United Fire Group, Inc. UFCS dropped 17.7% to close at $26.12 after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $37 to $31.
  • Carlisle Companies Incorporated CSL declined 15.4% to close at $239.41 after the company reported Q3 earnings results.
  • Newmark Group, Inc. NMRK fell 14.7% to settle at $7.97 after the company reported worse-than-expected Q3 EPS and sales results.
  • Kanzhun Limited BZ dropped 11.8% to close at $10.74. Barclays maintained Kanzhun with an Equal-Weight and lowered the price target from $21 to $15.
  • Nexa Resources S.A. NEXA declined 11.6% to close at $5.18 after the company reported Q3 EPS results down from last year.
  • World Fuel Services Corporation INT dipped 10.2% to close at $24.41 after the company reported worse-than-expected Q3 sales results.
  • Alarm.com Holdings, Inc. ALRM dropped 9.7% to close at $60.93 after Vivint Inc. told the company it will stop paying license fees under the Patent Cross License Agreement between the companies. Alarm.com said it is evaluating legal remedies.
  • Cricut, Inc. CRCT dropped 9% to close at $9.11.
  • RLX Technology Inc. RLX fell 8.8% to close at $1.35.
  • NatWest Group plc NWG shares fell 8.4% to close at $5.24 after the company posted downbeat Q3 profit.
  • Bed Bath & Beyond Inc. BBBY dipped 7.8% to close at $4.59 after the company announced a common stock offering of up to $150 million.
  • Weibo Corporation WB fell 7.7% to close at $10.88. Shares of Chinese companies traded lower following the tightening of COVID-19 restrictions in some Chinese cities. Chinese stocks have also been under pressure on concerns over Xi consolidating power amid his third term.
  • Zai Lab Limited ZLAB fell 7.6% to close at $23.75. Zai Lab is expected to announce Q3 financial results on November 9, 2022.
  • Amazon.com, Inc. AMZN shares fell 6.8% to close at $103.41. Amazon.com reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.
  • XPeng Inc. XPEV fell 6.4% to close at $6.89 after dropping 10% on Thursday. Citigroup downgraded XPeng from Buy to Sell and announced a $3.18 price target. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
  • Li Auto Inc. LI fell 4.8% to close at $14.26 after declining 8% on Thursday. Barclays maintained Li Auto with an Overweight and lowered the price target from $40 to $25. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
  • Eldorado Gold Corporation EGO fell 4.6% to close at $5.86 after the company reported worse-than-expected Q3 EPS and sales results.
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