Lululemon, Li Auto, Hackett Group And Some Other Big Stocks Moving Lower On Friday

U.S. stocks traded lower, with the Dow Jones jumping around 70 points on Friday. Here are some big stocks recording losses in today’s session.

• Meta Materials Inc. MMAT shares tumbled 24.6% to $1.3799. Meta Materials recently announced FINRA has processed and announced the corporate action of exchanging META's Series A Preferred shares for shares of common stock of Next Bridge Hydrocarbons on its daily list.
• Erasca, Inc. ERAS declined 17.6% to $6.03 after the company priced a 15,384,616 share offering at $6.50 per share.
• Pharvaris N.V. PHVS shares dropped 14.2% to $9.83. Pharvaris shares jumped 339% on Thursday after the company reported top-line Phase 2 data from the RAPIDe-1 study of PHVS416 for the on-demand treatment of HAE attacks.
• Torrid Holdings Inc. CURV fell 13.1% to $3.7099 after the company reported worse-than-expected Q3 EPS and sales results and issued Q4 2022 and FY22 revenue guidance below estimates.
• Lululemon Athletica Inc. LULU tumbled 12.3% to $328.35. Lululemon posted upbeat results for its third quarter, but issued weak holiday-quarter guidance.
• Li Auto Inc. LI fell 9.1% to $21.91 after the company reported worse-than-expected Q3 EPS and sales results.
• The Hackett Group, Inc. HCKT dropped 8% to $21.41 following weak quarterly sales. The Hackett Group commenced $120 million Dutch auction tender offer.
• VAALCO Energy, Inc. EGY fell 7.9% to $4.3650.
• Lyell Immunopharma, Inc. LYEL dropped 7.7% to $3.59.
• Beyond Meat, Inc. BYND declined 7.7% to $14.88. Argus Research downgraded Beyond Meat from Hold to Sell.
• GH Research PLC GHRS fell 7.4% to $10.34.
• Liquidity Services, Inc. LQDT dropped 7% to $13.19. Liquidity Services reported fourth-quarter FY22 sales growth of 7% year-on-year to $75.20 million, beating the consensus of $72.88 million.
• Lucid Group, Inc. LCID fell 5.7% to $8.18.

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