UniFirst, Progress Software, SomaLogic And Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Wednesday. Here are some big stocks recording losses in today’s session.

• bluebird bio, Inc. BLUE dipped 30.6% to $2.9953 after the company reported Q4 and full year 2022 financial results. Also, a Bloomberg report suggesting Bluebird Bio expects a delay on its FDA sickle cell drug application is also impacting the stock.
• Sharecare, Inc. SHCR shares fell 27.3% to $1.5486 after the company reported Q4 results.
• Stem, Inc. STEM fell 16.8% to $5.18 after the company announced a proposed $175 million green convertible senior notes offering.
• El Pollo Loco Holdings, Inc. LOCO dropped 12.9% to $8.97.
• UniFirst Corporation UNF shares fell 9.3% to $175.14 after posting Q2 results.
• Donegal Group Inc. DGICB dropped 9% to $13.89.
• SomaLogic, Inc. SLGC fell 8.7% to $2.1350 after the company reported mixed Q4 financial results.
• InnovAge Holding Corp. INNV fell 7% to $6.63.
• Nogin, Inc. NOGN dropped 5.9% to $4.61. Nogin recently announced a 1-for-20 reverse stock split.
• Progress Software Corporation PRGS fell 5% to $55.71. Progress Software reported better-than-expected Q1 results. The company said it sees FY23 adjusted revenue of $650 million to $688 million and adjusted EPS of $4.09 to $4.17.
• The Children's Place, Inc. PLCE fell 5% to $36.26.

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