Uber, Lyft, AZZ And Other Big Losers From Tuesday

U.S. stocks closed mixed with the Nasdaq Composite dropping more than 100 points on Tuesday. Here is the list of some big stocks recording losses in the previous session.

• AZZ Inc. (NYSE: AZZ) shares dipped 22.1% to close at $30.41 after the company reported worse-than-expected Q2 adjusted EPS results. The company said it will not issue full-year fiscal year 2023 guidance at this time.
• Orthofix Medical Inc. (NASDAQ: OFIX) shares fell 19.2% to close at $14.87 after the company and SeaSpine announced they will combine in a merger of equals. The company also announced preliminary Q3 net sales.
• Lyft, Inc. (NASDAQ: LYFT) declined 12% to close at $11.27 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
• ACM Research, Inc. (NASDAQ: ACMR) slipped 11.8% to close at $7.97. Jefferies downgraded ACM Research from Buy to Underperform and lowered the price target from $33.67 to $8.
• AN2 Therapeutics, Inc. (NASDAQ: ANTX) dropped 11.5% to close at $17.43.
• Trip.com Group Limited (NASDAQ: TCOM) declined 11.2% to close at $23.63.
• HilleVax, Inc. (NASDAQ: HLVX) fell 10.6% to close at $15.56.
• Uber Technologies, Inc. (NYSE: UBER) dropped 10.4% to close at $24.66 on reports the U.S. Department of Labor has released a proposal to make companies reclassify independent contractors as employees.
• IAC Inc. (NASDAQ: IAC) fell 10.4% to settle at $49.83.
• Zymeworks Inc. (NASDAQ: ZYME) shares declined 10.4% to close at $5.35.
• Angi Inc. (NASDAQ: ANGI) fell 10.2% to settle at $2.65. Angi named Joey Levin as CEO.
• Skillz Inc. (NYSE: SKLZ) dropped 9.9% to close at $0.9367.
• Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) declined 9.8% to close at $14.00.
• LivaNova PLC (NASDAQ: LIVN) dropped 9.7% to settle at $44.18.
• Infinera Corporation (NASDAQ: INFN) declined 9.1% to close at $4.39. Morgan Stanley maintained Infinera with an Equal-Weight and lowered the price target from $7.5 to $5.
• Leggett & Platt, Incorporated (NYSE: LEG) fell 7.2% to close at $32.17 as the company lowered its earnings and sales projections for full year 2022.
• Wynn Resorts, Limited (NASDAQ: WYNN) fell 7% to close at $59.64.
• Netflix, Inc. (NASDAQ: NFLX) dipped 6.8% to close at $214.29.
• Pinterest, Inc. (NYSE: PINS) fell 6.7% to close at $22.99. Credit Suisse maintained Pinterest with a Neutral and lowered the price target from $26 to $25.
• SunPower Corporation (NASDAQ: SPWR) fell 5.4% to close at $20.31 after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $22 to $18.