U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.
Shares of AngioDynamics, Inc. (NASDAQ:ANGO) fell sharply during Thursday's session following first-quarter results.
AngioDynamics posted first-quarter adjusted loss of 11 cents per share, compared to market estimates of a loss of 15 cents per share. The company's quarterly sales came in at $67.491 million versus expectations of $67.933 million.
AngioDynamics shares dipped 15.6% to $6.45 on Thursday.
Here are some other big stocks recording losses in today's session.
- Youdao, Inc. (NYSE:DAO) shares dipped 14.6% to $5.08.
- Ingevity Corporation (NYSE:NGVT) shares declined 12.6% to $32.74 as the company said John Fortson has departed as president and CEO and from the board of directors of the company, effective as of Oct. 2.
- Hims & Hers Health, Inc. (NASDAQ:HIMS) fell 11.1% to $16.85 in possible sympathy with Eli Lilly after the FDA announced their weight-loss drug shortage has ended.
- Levi Strauss & Co. (NYSE:LEVI) declined 9.1% to $19.14 after the company reported worse-than-expected third-quarter sales results and issued its FY24 adjusted EPS guidance with its midpoint below estimates. The company began a strategic review for its Dockers brand and is exploring a potential sale or other strategic transactions.
- Joby Aviation, Inc. (NYSE:JOBY) dipped 8.8% to $5.59. Toyota announced plans to invest $500 million in Joby Aviation.
- Bilibili Inc. (NASDAQ:BILI) shares fell 8.2% to $27.23. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength. These companies rallied after the People's Bank of China announced a new stimulus package ahead of the Golden Week holidays.
- Wolfspeed, Inc. (NYSE:WOLF) dipped 7.5% to $8.45 after Mizuho downgraded the stock from Neutral to Underperform and cut its price target from $17 to $8.
- GDS Holdings Limited (NASDAQ:GDS) fell 6.4% to $21.51.
- Weibo Corporation (NASDAQ:WB) dipped 5% to $10.65. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength.
- Baidu, Inc. (NASDAQ:BIDU) fell 4% to $110.49. Shares of US-listed Chinese stocks traded lower as the sector pulled back from recent strength.
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