share_log

Ermenegildo Zegna Reports FY23 Results, Joins Altice USA, Herbalife And Other Big Stocks Moving Lower On Friday

Benzinga ·  Apr 5 22:27

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Friday.

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) fell sharply during Friday's session as the company reported FY23 financial results.

Ermenegildo Zegna reported a profit of €135.7 million for FY 2023, up 107.8% year-over-year, and a profit margin of 7.1% up from 4.4% in FY 2022.

Ermenegildo Zegna shares tumbled 14% to $11.99 on Friday.

Here are some other big stocks recording losses in today's session.

  • DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) fell 12.5% to $8.91.
  • Altice USA, Inc. (NYSE:ATUS) shares tumbled 9.9% to $2.3169 after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $2 to $1.
  • MYT Netherlands Parent B.V. (NASDAQ:MYTE) shares declined 7.7% to $3.3850.
  • Aerovate Therapeutics, Inc. (NASDAQ:AVTE) shares dipped 7.7% to $26.85.
  • Olaplex Holdings, Inc. (NASDAQ:OLPX) fell 7.1% to $1.63. Telsey Advisory Group analyst Dana Telsey reiterated Olaplex with a Market Perform and maintained a $2 price target.
  • Critical Metals Corp. (NASDAQ:CRML) fell 7% to $11.93.
  • Aurora Cannabis Inc. (NASDAQ:ACB) shares fell 6.4% to $6.61.
  • Qurate Retail, Inc. (NASDAQ:QRTEA) declined 5.8% to $1.0450.
  • Trump Media & Technology Group Corp. (NASDAQ:DJT) declined 5.5% to $43.62.
  • Herbalife Ltd. (NYSE:HLF) shares fell 5.5% to $7.22. Herbalife is expected to release its first quarter 2024 financial results after the closing bell on May 1, 2024.

Now Read This: Ethereum Falls Below $3,300 Following Jobs Data; Ethena, Wormhole Among Top Losers

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment