CDW, Extreme Networks, Shift4 Payments And Other Big Stocks Moving Lower On Wednesday

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

  • Extreme Networks, Inc. EXTR shares dropped 14.7% to $15.66. Craig-Hallum downgraded Extreme Networks from Buy to Hold and announced a $17.5 price target.
  • CDW Corporation CDW fell 13.6% to $15.66 after the company issued preliminary Q1 sales below estimates.
  • Shift4 Payments, Inc. FOUR declined 13.4% to $59.42 after Blue Orca Capital issued a short report on the stock.
  • Extreme Networks, Inc. EXTR dropped 13.4% to $15.93 after Craig-Hallum downgraded the stock from Buy to Hold and announced a $17.5 price target.
  • XPeng Inc. XPEV dipped 12.1% to $9.92. XPeng launched XPENG G6 Ultra Smart Coupe SUV, its fifth smart EV model, at Auto Shanghai 2023.
  • Olo Inc. OLO declined 10.6% to $7.87.
  • CleanSpark, Inc. CLSK dropped 9.2% to $4.5650.
  • MYT Netherlands Parent B.V. MYTE fell 8.7% to $6.60 after reporting preliminary Q3 results.
  • Cipher Mining Inc. CIFR fell 8.6% to $2.5386 amid a drop in Bitcoin.
  • Grid Dynamics Holdings, Inc. GDYN dropped 8.5% to $11.78.
  • Cano Health, Inc. CANO shares fell 8.2% to $1.2388.
  • BigBear.ai Holdings, Inc. BBAI declined 7.5% to $3.15.
  • Central Garden & Pet Company CENT fell 7.2% to $37.10 after the company updated its outlook for fiscal 2023 EPS. The company sees Q2 EPS at $0.90 versus the $1.17 estimate and FY23 EPS at $2.35 or better versus the $2.65 estimate.
  • FiscalNote Holdings, Inc. NOTE dropped 7% to $2.14.
  • Titan International, Inc. TWI fell 6.5% to $10.19.

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