Baidu, Nikola And Some Other Big Stocks Moving Lower On Tuesday

  • Photronics, Inc. (NASDAQ:PLAB) fell 23% to $16.76. Photronics posted upbeat Q3 results, but issued weak outlook for the current quarter.
  • Cross Timbers Royalty Trust (NYSE:CRT) fell 17.8% to $20.23. Shares of several energy companies traded lower as the sector pulls back from recent gains amid raised concerns of aggressive interest rates hikes, which could pressure oil demand.
  • Indonesia Energy Corporation Limited (NASDAQ:INDO) dropped 16.6% to $7.64.
  • REX American Resources Corporation (NYSE:REX) dropped 13.9% to $28.95. The company reported upbeat quarterly earnings.
  • AMTD Digital Inc. (NYSE:HKD) fell 13.4% to $120.00.
  • Melco Resorts & Entertainment Limited (NASDAQ:MLCO) fell 10.6% to $5.43.
  • Comstock Resources, Inc. (NYSE:CRK) dropped 9.4% to $18.81. Shares of several energy companies traded lower as the sector pulls back from recent gains amid raised concerns of aggressive interest rates hikes, which could pressure oil demand.
  • iQIYI, Inc. (NASDAQ:IQ) declined 9% to $3.5750 after the company reported Q2 earnings results.
  • Alcoa Corporation (NYSE:AA) dropped 8.6% to $50.71. Alcoa to curtail one third of production capacity at Lista Smelter in Norway to mitigate high energy costs.
  • Nikola Corporation (NASDAQ:NKLA) fell 8.1% to $5.49 after the company filed a prospectus related to the issuance and sale of common stock from time to time up to $400 million. The company also announced an exchange offer to purchase all outstanding shares of Romeo Power.
  • PBF Energy Inc. (NYSE:PBF) declined 8.1% to $33.68. Shares of several energy companies traded lower as the sector pulls back from recent gains amid raised concerns of aggressive interest rates hikes, which could pressure oil demand.
  • Helmerich & Payne, Inc. (NYSE:HP) dropped 6.6% to $42.43. Shares of several energy companies traded lower as the sector pulls back from recent gains amid raised concerns of aggressive interest rates hikes, which could pressure oil demand.
  • Arch Resources, Inc. (NYSE:ARCH) fell 6.3% to $148.06. Shares of several energy companies traded lower as the sector pulls back from recent gains amid raised concerns of aggressive interest rates hikes, which could pressure oil demand.
  • Baidu, Inc. (NASDAQ:BIDU) declined 6.3% to $138.06 after the company reported Q2 EPS results.
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Helmerich & Payne NewsMORE

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