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

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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