Carvana, Crocs And Other Big Losers From Monday

U.S. stocks closed lower on Monday, with the Nasdaq dropping more than 100 points. Here is the list of some big stocks recording losses in the previous session.

• Grindr Inc. (NYSE: GRND) shares dipped 46% to close at $19.71. Grindr shares jumped around 214% on Friday after the stock began trading following the completion of its combination with Tiga Acquisition Corp.
• Satixfy Communications Ltd. (NYSE: SATX) dropped 27.3% to close at $31.15 amid possible profit taking after the stock experienced a surge last week.
• Acrivon Therapeutics, Inc. (NASDAQ: ACRV) dropped 20.7% to close at $12.51. Acrivon Therapeutics recently announced pricing of initial public offering.
• Entrada Therapeutics, Inc. (NASDAQ: TRDA) fell 19.3% to close at $14.42. Entrada Therapeutics recently posted a Q3 loss of $0.80 per share.
• Nine Energy Service, Inc. (NYSE: NINE) dropped 17.9% to close at $8.43.
• Marathon Digital Holdings, Inc. (NASDAQ: MARA) fell 17.1% to close at $6.19.
• Vigil Neuroscience, Inc. (NASDAQ: VIGL) fell 17% to close at $10.79.
• Zhihu Inc. (NYSE: ZH) fell 16.8% to close at $1.04.
• Arvinas, Inc. (NYSE: ARVN) dipped 16% to close at $43.08.
• SoundHound AI, Inc. (NASDAQ: SOUN) fell 15.6% to close at $1.62. SoundHound recently reported better-than-expected Q3 EPS and sales results.
• OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) dropped 14.7% to settle at $0.6651.
• DouYu International Holdings Limited (NASDAQ: DOYU) dipped 14.4% to close at $1.13. DouYu International reported a third-quarter FY22 revenue decline of 23.4% to $252.8 million year-on-year, beating the consensus of $249 million.
• Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) dropped 14% to close at $53.49. JP Morgan initiated coverage on Consensus Cloud Solutions with a Neutral rating and announced Price Target of $54.
• Carvana Co. (NYSE: CVNA) fell 12.5% to close at $7.05 after Argus Research downgraded the stock from Hold to Sell. Also, the company last Friday announced a workforce reduction of approximately 1,500 employees.
• Prelude Therapeutics Incorporated (NASDAQ: PRLD) fell 12.2% to close at $6.53. B of A Securities downgraded Prelude Therapeutics from Neutral to Underperform and announced a $6 price target.
• Riot Blockchain, Inc. (NASDAQ: RIOT) dipped 10.8% to close at $3.98. Shares of crypto-related stocks traded lower amid continued weakness in cryptocurrencies following the recent FTX bankruptcy.
• Lufax Holding Ltd (NYSE: LU) fell 10.6% to close at $1.68.
• NextNav Inc. (NASDAQ: NN) declined 10.3% to settle at $3.13.
• Satellogic Inc. (NASDAQ: SATL) dropped 10.1% to close at $4.38.
• Redfin Corporation (NASDAQ: RDFN) fell 9.4% to close at $4.61.
• Crocs, Inc. (NASDAQ: CROX) dropped 8.7% to close at $92.57. Crocs CEO Andrew Rees sold a total of 10,000 shares at an average price of $100.55
• Nabors Industries Ltd. (NYSE: NBR) fell 8% to close at $156.56.
• Select Energy Services, Inc. (NYSE: WTTR) fell 7.1% to close at $8.07.
• Helmerich & Payne, Inc. (NYSE: HP) fell 4.6% to close at $51.24. Morgan Stanley maintained Helmerich & Payne with an Equal-Weight and raised the price target from $55 to $60.