TreeHouse Foods, EchoStar, Hilton Grand Vacations, EchoStar And Other Big Stocks Moving Lower On Monday

U.S. stocks traded higher, with the Dow Jones gaining around 25 points on Monday. Here are some big stocks recording losses in today’s session.

• MoonLake Immunotherapeutics MLTX shares dipped 24.1% to $38.92 after the company announced results of its phase 2 study treating active Psoriatic Arthritis.
• DISH Network Corporation DISH declined 19% to $4.4496 after the company reported third-quarter results. On Nov. 3, 2023, W. Erik Carlson notified DISH that he intends to resign as the CEO effective Nov. 12, 2023.
• EchoStar Corporation SATS dipped 18.1% to $12.64 after the company reported worse-than-expected third-quarter sales.
• American Well Corporation AMWL tumbled 11.3% to $1.26.
• Tecnoglass Inc. TGLS declined 10.5% to $30.67 after the company reported third-quarter financial results and updated guidance.
• Alteryx, Inc. AYX dropped 10% to $29.48.
• Hilton Grand Vacations Inc. HGV declined 9.9% to $33.54. Hilton Grand Vacations reported a third-quarter FY23 sales decline of 8.8% year-on-year to $1.02 billion, missing the analyst consensus estimate of $1.05 billion. The company entered into a definitive agreement to acquire Bluegreen Vacations for $75 per share in an all-cash transaction.
• Olema Pharmaceuticals, Inc. OLMA fell 9.9% to $14.95.
• PureCycle Technologies, Inc. PCT declined 9.6% to $4.51.
• Zentalis Pharmaceuticals, Inc. ZNTL fell 9.5% to $16.18 following third-quarter results.
• Sphere Entertainment Co. SPHR fell 8.6% to $33.35.
• Target Hospitality Corp. TH declined 8.1% to $12.54.
• Lilium N.V. LILM fell 8.1% to $0.8944.
• SolarEdge Technologies, Inc. SEDG dropped 7.8% to $69.70. Wells Fargo downgraded SolarEdge Technologies from Overweight to Equal-Weight and lowered the price target from $190 to $82.
• SunPower Corporation SPWR fell 7.7% to $4.2150. Truist Securities maintained SunPower with a Hold and lowered the price target from $6 to $5.
• V2X, Inc. VVX fell 7.6% to $47.54 following quarterly results.
• TreeHouse Foods, Inc. THS declined 7.3% to $39.42 following weak earnings.
• The Children's Place, Inc. PLCE fell 6.8% to $25.89.
• ImmunityBio, Inc. IBRX fell 5.6% to $3.54.

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