PNC Financial, bluebird bio And Other Big Stocks Moving Lower On Wednesday

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U.S. stocks traded lower, with the Dow Jones dropping around 300 points on Wednesday. Here are some big stocks recording losses in today’s session.

  • Arrival ARVL shares dropped 20.5% to $0.4850.
  • Marathon Digital Holdings, Inc. MARA declined 16.4% to $7.01.
  • Hut 8 Mining Corp. HUT fell 16.4% to $1.5390.
  • OneConnect Financial Technology Co., Ltd. OCFT dropped 13.3% to $8.25.
  • EHang Holdings Limited EH shares declined 13% to $11.82.
  • Gorilla Technology Group Inc. GRRR fell 12.7% to $5.70.
  • Bright Health Group, Inc. BHG declined 12.5% to $0.9095. Bright Health Group recently announced it increased 2023 Enterprise Revenue guidance to $3.4 - $3.6 billion.
  • Chegg, Inc. CHGG fell 12.2% to $21.45. Needham downgraded Chegg from Buy to Hold.
  • BIT Mining Limited BTCM declined 12.2% to $3.83.
  • Full Truck Alliance Co. Ltd. YMM dipped 11.8% to $8.48.
  • Riot Platforms, Inc. RIOT dropped 11.4% to $5.68.
  • Clear Secure, Inc. YOU fell 11.4% to $27.16.
  • MicroStrategy Incorporated MSTR dropped 10.7% to $210.52.
  • Arqit Quantum Inc. ARQQ fell 10.5% to $2.5950.
  • bluebird bio, Inc. BLUE dropped 9.9% to $6.56 after the company announced a proposed public offering of common stock.
  • Nicolet Bankshares, Inc. NIC fell 8.3% to $72.25.
  • YETI Holdings, Inc. YETI dropped 7.9% to $41.63. Cowen & Co. downgraded YETI Holdings from Outperform to Market Perform and announced a $47 price target.
  • The PNC Financial Services Group, Inc. PNC fell 5.4% to $153.15 after the company reported worse-than-expected earnings results.
  • The Charles Schwab Corporation SCHW dropped 3.4% to $80.69 after the company reported Q4 and FY22 financial results.

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