Constellation Brands, Walgreens, RPM International And Some Other Big Stocks Moving Lower On Thursday

U.S. stocks traded lower, with the Dow Jones dropping more than 300 points on Thursday. Here are some big stocks recording gains in today’s session.

• Silvergate Capital Corporation (NYSE: SI) shares tumbled 46.1% to $11.83 after the company announced select preliminary Q4 financial metrics and provided a business update. The company said it is reducing headcount by 40%.
• Resources Connection, Inc. (NASDAQ: RGP) fell 15.8% to $15.67 following quarterly results.
• RPM International Inc. (NYSE: RPM) dropped 12.9% to $85.37 after the company reported mixed Q2 results and said certain RPM businesses have experienced reduced customer demand.
• AppLovin Corporation (NASDAQ: APP) declined 12.3% to $9.56 after Benchmark initiated coverage on the stock with a Sell rating and a $7 price target.
• Fortuna Silver Mines Inc. (NYSE: FSM) fell 11.7% to $3.46.
• Simulations Plus, Inc. (NASDAQ: SLP) dropped 11.6% to $33.25 following weak quarterly results.
• The Simply Good Foods Company (NASDAQ: SMPL) declined 11.4% to $33.84 following Q1 results.
• SentinelOne, Inc. (NYSE: S) fell 11% to $13.34. Piper Sandler maintained SentinelOne with a Neutral and lowered the price target from $17 to $16.
• Cue Health Inc. (NASDAQ: HLTH) dropped 10.2% to $1.9298.
• HUTCHMED (China) Limited (NYSE: HCM) fell 10.2% to $16.38.
• Vertex, Inc. (NASDAQ: VERX) fell 10.1% to $13.27. Jefferies downgraded Vertex from Buy to Hold and raised the price target from $13.5 to $15.
• Geron Corporation (NASDAQ: GERN) shares dipped 9.6% to $2.8850 after the company announced a proposed public offering.
• Asana, Inc. (NYSE: ASAN) fell 9.6% to $12.23.
• Wolverine World Wide, Inc. (NYSE: WWW) fell 9.4% to $10.48. Piper Sandler downgraded Wolverine World Wide from Overweight to Neutral and lowered the price target from $23 to $13.
• Coinbase Global, Inc. (NASDAQ: COIN) dropped 9.4% to $34.16 after Cowen & Co downgraded the stock from Outperform to Market Perform and announced a $36 price target. The stock could also be trading lower amid profit taking following a rally yesterday.
• Stem, Inc. (NYSE: STEM) fell 8.9% to $7.78.
• Constellation Brands, Inc. (NYSE: STZ) dropped 7.7% to $213.42 after the company reported worse-than-expected Q3 EPS results.
• Walgreens Boots Alliance, Inc. (NASDAQ: WBA) tumbled 7.1% to $34.83 after the company reported Q1 earnings results and issued guidance.

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