Farfetch, Faraday Future Intelligent Electric, VinFast And Other Stocks Moving Lower On Friday

U.S. stocks traded down this morning, with the Nasdaq Composite falling more than 101 points on Friday. Here are some big stocks recording gains in today’s session.

• Farfetch Ltd’s (NYSE: FTCH) stock tanked 5.32% to $2.94. Investors grew concerned after the company reported soft quarterly results, issued weak guidance and announced its exit from the beauty category.
• Shares of Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) declined by 4.83% to $0.25 after the company delivered its first EV for the ultra-luxury market.
• TriSalus Life Sciences Inc’s (NASDAQ: TLSI) shares fell 4.74% to $8.65 with Wall Street stocks losing steam on concerns over further interest rate hikes by the Federal Reserve.
• Beneficient’s (NASDAQ: BENF) stock plunged 4.52% to $1.90.
• Shares of Pharvaris NV (NASDAQ: PHVS) fell 3.74% to $18.60.
• VinFast Auto’s (NASDAQ: VFS) shares tanked 3.65% to $14.55, continuing its downward trajectory, after the massive spike in the Vietnamese EV maker's stock during its debut on Tuesday.
• Genelux Corp’s (NASDAQ: GNLX) stock traded lower by 3.44% at $23.32, following the release of second-quarter results.
• Shares of Nautilus Biotechnology Inc (NASDAQ: NAUT) fell 3.38% to $2.88
• VNET Group Inc’s (NASDAQ: VNET) stock declined by 2.95% to $3.13, after falling 0.65% in pre-market trading.
• Jiayin Group Inc’s (NASDAQ: JFIN) stock slid 1.87% to $5.51. The company had reported its second-quarter results last week.
• Shares of TMC The Metals Company Inc (NASDAQ: TMC) declined by 1.65% to $1.20.

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