Top Losers of the Day
AInvestWednesday, Mar 13, 2024 5:54 pm ET
1min read
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  • Tesla: Shares dropped by 4.5% after a downgrade to underweight from equal weight by Wells Fargo, citing diminishing impact of price cuts on volume.

  • Nvidia, AMD, Micron Technology: These chipmakers' shares fell as the AI-related rally lost momentum; Nvidia by 1.1%, Micron by 3.4%, and AMD by 3.9%.

  • Dollar Tree: The discount retailer's stock plummeted by 14.2% following a disappointing quarterly report that fell short of earnings expectations and announced potential closure of 970 Family Dollar locations.

  • Dollar General: Fell by 1.9% in the wake of Dollar Tree"s poor quarterly performance, with its own earnings report anticipated.

  • GE HealthCare: Shares declined by 3.6% after announcing a secondary offering of 13 million shares, affecting investor sentiment.

  • Petco Health and Wellness: The stock decreased by 1.6% amid the search for a new CEO and after announcing fourth-quarter revenue that narrowly beat expectations.

  • Intel: Fell 4.4% following a report that the Pentagon was withdrawing from a planned chip grant, affecting investor confidence.

  • Allbirds: The company's stock tumbled 19% after reporting a wider fourth-quarter loss than the previous year and issuing a sales forecast below estimates, alongside the announcement of CEO Joey Zwillinger stepping down.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.