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AMD, SolarEdge Technologies And Some Other Big Stocks Moving Lower On Wednesday

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AMD, SolarEdge Technologies And Some Other Big Stocks Moving Lower On Wednesday

 

  • Rocky Brands, Inc. (NASDAQ: RCKY) dipped 21.6% to $26.62 after the company reported worse-than-expected Q2 EPS results.
  • Horizon Therapeutics Public Limited Company (NASDAQ: HZNP) dropped 21.3% to $64.57 after the company reported worse-than-expected Q2 EPS and sales results and lowered FY22 sales guidance below estimates.
  • Knowles Corporation (NYSE: KN) fell 19% to $15.45 after reporting downbeat quarterly sales. Roth Capital downgraded Knowles from Buy to Neutral and lowered the price target from $30 to $17.
  • SolarEdge Technologies, Inc. (NASDAQ: SEDG) fell 19% to $295.82 after the company reported worse-than-expected Q2 EPS.
  • Match Group, Inc. (NASDAQ: MTCH) fell 17.1% to $63.56 after the company reported worse-than-expected Q2 sales and guided for muted top-line growth in the second half of 2022.
  • Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) shares fell 16.9% to $2.7188 after the company issued weak sales forecast for the second quarter. JP Morgan downgraded Hydrofarm from Overweight to Neutral.
  • AMTD Digital Inc. (NYSE: HKD) dropped 16.6% to $1,400.00.
  • Triumph Group, Inc. (NYSE: TGI) dropped 14% to $14.26 after the company issued weak earnings forecast for FY23.
  • Southwest Gas Holdings, Inc. (NYSE: SWX) fell 13.3% to $75.75. Southwest Gas board concluded its strategic review.
  • Mercury Systems, Inc. (NASDAQ: MRCY) dropped 13.1% to $49.94 after the company reported worse-than-expected Q4 EPS and sales results. The company also issued Q1 EPS and sales guidance below analyst estimates.
  • Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) fell 11.8% to $83.28 after the company reported worse-than-expected Q2 sales results.
  • Kanzhun Limited (NASDAQ: BZ) fell 10.6% to $20.00.
  • STERIS plc (NYSE: STE) dipped 10.3% to $201.14 after the company reported worse-than-expected Q1 EPS results and lowered FY23 adjusted EPS guidance below estimates.
  • Mercury General Corporation (NYSE: MCY) declined 10% to $35.97 following weak quarterly results.
  • Big 5 Sporting Goods Corporation (NASDAQ: BGFV) fell 9.9% to $11.58 after reporting weak Q2 results.
  • Owens & Minor, Inc. (NYSE: OMI) fell 9.6% to $33.12 after reporting downbeat quarterly sales. Owens & Minor expects sales of $9.8 billion - $10.1 billion (prior view $9.9 billion - $10.3 billion) versus the consensus of $10.15 billion.
  • Assurant, Inc. (NYSE: AIZ) dipped 9.3% to $155.63 following downbeat quarterly earnings.
  • Service Corporation International (NYSE: SCI) fell 9% to $66.99 after reporting Q2 results.
  • Charles River Laboratories International, Inc. (NYSE: CRL) dipped 8.8% to $222.02 after the company reported worse-than-expected Q2 sales results and lowered FY22 adjusted EPS guidance below estimates.
  • Novo Nordisk A/S (NYSE: NVO) fell 8.7% to $104.46 following H1 2022 results.
  • Advanced Micro Devices, Inc (NASDAQ: AMD) fell 3.5% to $95.83. Advanced Micro Devices reported upbeat earnings for its second quarter and issued Q3 sales guidance with a midpoint below estimates.
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