Sherwin-Williams, Kraft Heinz And Some Other Big Stocks Moving Lower On Wednesday
- Cassava Sciences, Inc. (NASDAQ: SAVA) fell 19.8% to $17.45. The U.S. Justice Department has opened a criminal investigation into Cassava Sciences on whether it manipulated research results for its investigational Alzheimer's drug, Reuters reported citing two people familiar with the inquiry.
- Turning Point Brands, Inc. (NYSE: TPB) fell 18.2% to $24.42 after the company released financial results for the second quarter ended June 30, 2022, revealing net sales decreased 16.1%, compared to Q2 2021 to $102.9 million.
- Tenable Holdings, Inc. (NASDAQ: TENB) declined 16.5% to $37.43 after the company reported financial results and issued top-line guidance below analyst estimates.
- AMTD IDEA Group (NYSE: AMTD) dipped 14.4% to $1.5150.
- Zurn Elkay Water Solutions Corporation (NYSE: ZWS) dropped 11.7% to $27.93 following the company's Q2 financial results.
- Agilysys, Inc. (NASDAQ: AGYS) dropped 11.4% to $45.67 after the company reported Q1 earnings results.
- The Sherwin-Williams Company (NYSE: SHW) dipped 11.2% to $225.85 after the company reported worse-than-expected Q2 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
- Travelzoo (NASDAQ: TZOO) fell 11.1% to $5.84 following downbeat Q2 results.
- MINISO Group Holding Limited (NASDAQ: MNSO) dipped 9.6% to $5.54. Blue Orca Capital recently issued a short report on the stock.
- Hawaiian Holdings, Inc. (NASDAQ: HA) dropped 8.4% to $13.74 after the company reported worse-than-expected Q2 EPS results.
- Garmin Ltd. (NASDAQ: GRMN) fell 8.3% to $94.03 after the company reported worse-than-expected Q2 sales results and issued FY22 EPS and sales guidance below analyst estimates.
- Qualys, Inc. (NASDAQ: QLYS) dropped 7.4% to $116.14.
- Teledyne Technologies Incorporated (NYSE: TDY) fell 7.4% to $370.35 as the company reported second-quarter FY22 sales growth of 20.9% year-over-year to $1.36 billion, +8.2% on an organic basis, in line with the consensus of $1.36 billion. The company expects FY22 GAAP EPS of $15.13 - $15.45 (prior expectations $15.34 - $15.66).
- The Kraft Heinz Company (NASDAQ: KHC) fell 6.6% to $36.09 after the company reported Q2 financial results.
- AXIS Capital Holdings Limited (NYSE: AXS) fell 4.3% to $51.67 following Q2 results.
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