United Natural Foods, Ollie's Bargain, Smith & Wesson Brands And Some Other Big Stocks Moving Lower On Wednesday

U.S. stocks traded mostly lower, with the Nasdaq Composite dropping over 60 points on Wednesday. Here are some big stocks recording losses in today’s session.

• Carvana Co. (NYSE:CVNA) dipped 44.2% to $3.7422 following a downgrade from Wedbush. Reports indicate that some of the company's largest creditors have signed a pact to prevent a potential creditor fight.
• Mirati Therapeutics, Inc. (NASDAQ:MRTX) shares tumbled 19.9% to $57.32. Mirati Therapeutics recently announced late-breaking results evaluating concurrent adagrasib and pembrolizumab in first-line advanced/metastatic non-small cell lung cancer.
• The Lovesac Company (NASDAQ:LOVE) declined 15.3% to $19.05 after the company reported Q3 financial results.
• Avid Bioservices, Inc. (NASDAQ:CDMO) dropped 15.3% to $12.60 after the company posted a loss for the second quarter.
• Smith & Wesson Brands, Inc. (NASDAQ:SWBI) fell 15% to $10.03 after the company reported worse-than-expected Q2 EPS and sales results.
• DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) dropped 12.8% to $9.25.
• Uniti Group Inc. (NASDAQ:UNIT) fell 12.7% to $6.15.
• Skillsoft Corp. (NYSE:SKIL) dropped 12.3% to $1.6750 following weak quarterly sales.
• Syndax Pharmaceuticals, Inc. (NASDAQ:SNDX) declined 11.8% to $21.33 after the company priced a roughly 6.8 million public share offering of common stock at $22 per share.
• EZCORP, Inc. (NASDAQ:EZPW) fell 11.6% to $9.34 after the company announced a private offering of $175,000,000 of convertible senior notes due 2029.
• Pagaya Technologies Ltd. (NASDAQ:PGY) dropped 11.6% to $0.75.
• Zuora, Inc. (NYSE:ZUO) fell 11.5% to $6.38 after the company issued weak revenue forecast.
• Niu Technologies (NASDAQ:NIU) fell 11.5% to $4.46 after surging around 15% on Tuesday. Niu Technologies recently reported worse-than-expected Q3 EPS results.
• United Natural Foods, Inc. (NYSE:UNFI) dropped 11.5% to $40.33 following downbeat quarterly earnings.
• Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) fell 10.7% to $51.53 after the company reported Q3 EPS and sales results and issued FY22 guidance.
• MINISO Group Holding Limited (NYSE:MNSO) declined 9.3% to $10.48.
• Gannett Co., Inc. (NYSE:GCI) fell 8.5% to $2.5325.
• M&T Bank Corporation (NYSE:MTB) dropped 7.9% to $147.63 after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $215 to $180.
• Butterfly Network, Inc. (NYSE:BFLY) fell 6.5% to $2.88 after the company reported CEO transition.

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