Weibo, XPeng, Li Auto And Other Big Losers From Friday

U.S. stocks closed higher on Friday, with the Dow Jones gaining more than 800 points. Here is the list of some big stocks recording losses in the previous session.

• DaVita Inc. (NYSE: DVA) shares dipped 27.1% to close at $70.54 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.
• LeMaitre Vascular, Inc. (NASDAQ: LMAT) declined 19.1% to close at $41.94 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued Q4 EPS and FY22 EPS and sales guidance below analyst estimates.
• Edwards Lifesciences Corporation (NYSE: EW) dropped 17.9% to close at $70.87 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.
• United Fire Group, Inc. (NASDAQ: UFCS) dropped 17.7% to close at $26.12 after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $37 to $31.
• Carlisle Companies Incorporated (NYSE: CSL) declined 15.4% to close at $239.41 after the company reported Q3 earnings results.
• Newmark Group, Inc. (NASDAQ: NMRK) fell 14.7% to settle at $7.97 after the company reported worse-than-expected Q3 EPS and sales results.
• Kanzhun Limited (NASDAQ: BZ) dropped 11.8% to close at $10.74. Barclays maintained Kanzhun with an Equal-Weight and lowered the price target from $21 to $15.
• Nexa Resources S.A. (NYSE: NEXA) declined 11.6% to close at $5.18 after the company reported Q3 EPS results down from last year.
• World Fuel Services Corporation (NYSE: INT) dipped 10.2% to close at $24.41 after the company reported worse-than-expected Q3 sales results.
• Alarm.com Holdings, Inc. (NASDAQ: ALRM) dropped 9.7% to close at $60.93 after Vivint Inc. told the company it will stop paying license fees under the Patent Cross License Agreement between the companies. Alarm.com said it is evaluating legal remedies.
• Cricut, Inc. (NASDAQ: CRCT) dropped 9% to close at $9.11.
• RLX Technology Inc. (NYSE: RLX) fell 8.8% to close at $1.35.
• NatWest Group plc (NYSE: NWG) shares fell 8.4% to close at $5.24 after the company posted downbeat Q3 profit.
• Bed Bath & Beyond Inc. (NASDAQ: BBBY) dipped 7.8% to close at $4.59 after the company announced a common stock offering of up to $150 million.
• Weibo Corporation (NASDAQ: WB) fell 7.7% to close at $10.88. Shares of Chinese companies traded lower following the tightening of COVID-19 restrictions in some Chinese cities. Chinese stocks have also been under pressure on concerns over Xi consolidating power amid his third term.
• Zai Lab Limited (NASDAQ: ZLAB) fell 7.6% to close at $23.75. Zai Lab is expected to announce Q3 financial results on November 9, 2022.
• Amazon.com, Inc. (NASDAQ: AMZN) shares fell 6.8% to close at $103.41. Amazon.com reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.
• XPeng Inc. (NYSE: XPEV) fell 6.4% to close at $6.89 after dropping 10% on Thursday. Citigroup downgraded XPeng from Buy to Sell and announced a $3.18 price target. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
• Li Auto Inc. (NASDAQ: LI) fell 4.8% to close at $14.26 after declining 8% on Thursday. Barclays maintained Li Auto with an Overweight and lowered the price target from $40 to $25. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
• Eldorado Gold Corporation (NYSE: EGO) fell 4.6% to close at $5.86 after the company reported worse-than-expected Q3 EPS and sales results.