Hibbett, Enfusion And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded lower, with the Dow Jones dropping over 100 points on Tuesday. Here are some big stocks recording losses in today’s session.

• Satixfy Communications Ltd. SATX shares dipped 17.4% to $16.82.
• Enfusion, Inc. ENFN dropped 16.7% to $10.24. Enfusion announced resignation of chief financial officer and reiterated Q4 and FY22 outlook.
• CinCor Pharma, Inc. CINC declined 13.4% to $12.23. Oppenheimer downgraded CinCor Pharma from Outperform to Perform, while Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered the price target from $60 to $22.
• Hibbett, Inc. HIBB tumbled 12.2% to $59.33 after the company reported worse-than-expected Q3 EPS and sales results.
• Nutex Health Inc. NUTX fell 10.3% to $1.39.
• Seneca Foods Corporation SENEB dropped 9.9% to $62.95. Seneca Foods recently posted Q2 sales of $439.80 million.
• Allego N.V. ALLG declined 9.7% to $3.35. The company recently posted a rise in quarterly sales.
• Abcam plc ABCM fell 9.7% to $15.23.
• NewAmsterdam Pharma Company N.V. NAMS declined 9.4% to $8.20.
• Elbit Systems Ltd. ESLT fell 9.2% to $169.67 after the company reported a drop in profit for the third quarter.
• Grindr Inc. GRND fell 9.3% to $7.45.
• Sprout Social, Inc. SPT dipped 7.7% to $53.40.