Cano Health, Vacasa, Organogenesis, And Some Other Big Stocks Moving Lower On Thursday

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U.S. stocks traded higher, with the Nasdaq surging more than 500 points on Thursday. Here are some big stocks recording losses in today’s session.

  • Veru Inc. VERU tumbled 50.6% to $7.42 after the company reported that FDA’s Pulmonary-Allergy Drugs Advisory Committee voted 8-5 that the “known and potential benefits” of its sabizabulin in treating adult hospitalized COVID-19 patients at high risk of acute respiratory distress syndrome do not outweigh the “known and potential risks.”
  • Edgio, Inc. EGIO declined 49.8% to $1.0850 after the company reported worse-than-expected Q3 sales results and issued Q4 sales guidance below analyst estimates.
  • Vacasa, Inc. VCSA dropped 38.6% to $2.20 after the company reported worse-than-expected Q3 EPS results.
  • Cano Health, Inc. CANO shares declined 34% to $2.2050 after the company reported worse-than-expected Q3 EPS and sales results. Raymond James downgraded Cano Health from Outperform to Market Perform.
  • EQRx, Inc. EQRX dipped 31.5% to $3.73 following Q3 earnings.
  • Vigil Neuroscience, Inc. VIGL fell 30.5% to $8.56. Vigil Neuroscience posted a Q3 loss of $0.53 per share.
  • Xometry, Inc. XMTR dropped 24.6% to $38.00 after the company issued weak sales forecast.
  • Organogenesis Holdings Inc. ORGO fell 22.8% to $2.3850 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued FY22 sales guidance below analyst estimates.
  • Advantage Solutions Inc. ADV dropped 21.5% to $2.55 following weak quarterly sales.
  • Trevena, Inc. TRVN fell 16.5% to $2.55. Trevena posted a Q3 loss of $0.09 per share.
  • Azul S.A. AZUL dipped 14.7% to $7.51 following Q3 results.
  • Montauk Renewables, Inc. MNTK dropped 14.3% to $11.04 following downbeat Q3 results.
  • Chart Industries, Inc. GTLS fell 13.4% to $133.65.
  • SunOpta Inc. STKL dropped 13.2% to $9.06 following Q3 results.
  • TechTarget, Inc. TTGT fell 11.5% to $44.85 after the company reported worse-than-expected Q3 sales results. The company also issued Q4 and FY22 sales guidance below analyst estimates.
  • PureCycle Technologies, Inc. PCT fell 10.4% to $6.42 following Q3 earnings.
  • WeWork Inc. WE fell 6% to $2.2850 following downbeat Q3 results.
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