The market’s pulse quickened on Friday with the Nasdaq Composite soaring by over 100 points.
One standout performer, Ermenegildo Zegna N.V. ZGN, took a sharp nosedive as they unveiled their FY23 financial report.
Despite registering a profit of €135.7 million for FY 2023, marking a staggering 107.8% leap, Ermenegildo Zegna suffered a plummet in shares by 14% to $11.99.
Joining the chorus of losses, here are some other significant players in today’s market tumble:
- DoubleDown Interactive Co., Ltd. DDI took a 12.5% dive to $8.91.
- Altice USA, Inc. ATUS witnessed a 9.9% plunge to $2.3169 following a downgrade by Wells Fargo.
- MYT Netherlands Parent B.V. MYTE saw its shares slip by 7.7% to $3.3850.
- Aerovate Therapeutics, Inc. AVTE experienced a 7.7% dip to $26.85.
- Olaplex Holdings, Inc. OLPX fell by 7.1% to $1.63 despite Telsey Advisory Group’s maintained outlook.
- Critical Metals Corp. CRML slid 7% to $11.93.
- Aurora Cannabis Inc. ACB retreated by 6.4% to $6.61.
- Qurate Retail, Inc. QRTEA declined by 5.8% to $1.0450.
- Trump Media & Technology Group Corp. DJT edged down by 5.5% to $43.62.
- Herbalife Ltd. HLF saw its shares dip by 5.5% to $7.22 with upcoming first quarter 2024 financial results on the horizon.
For more insights: Ethereum Falls Below $3,300 Following Jobs Data; Ethena, Wormhole Among Top Losers
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
