BP, Costco, FedEx And Other Big Losers From Friday
U.S. stocks closed lower with the Nasdaq Composite dropping around 200 points on Friday. Here is the list of some big stocks recording losses in the previous session. Cassava Sciences, Inc. (NASDAQ: SAVA ) declined 18% to close at $41.87 after the company reported it has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. Scholastic Corporation (NASDAQ: SCHL ) dipped 17.2% to settle at $33.42. Sasha Quinton, President at Scholastic, reported a large insider buy on September 22, according to a new SEC filing. Patterson-UTI Energy, Inc. (NASDAQ: PTEN ) fell 16.4% to close at $10.86. Kosmos Energy Ltd. (NYSE: KOS ) fell 13.4% to settle at $4.92. Shares of several oil gas companies traded lower amid strength in the dollar and increased fears of an economic slowdown as investors continue to assess Wednesday''s Fed commentary and 75 bps rate hike. Equitrans Midstream Corporation (NYSE: ETRN ) fell 12.8% to close at $8.12.
BP, Costco, FedEx And Other Big Losers From Friday
U.S. stocks closed lower with the Nasdaq Composite dropping around 200 points on Friday. Here is the list of some big stocks recording losses in the previous session. Cassava Sciences, Inc. (NASDAQ: SAVA ) declined 18% to close at $41.87 after the company reported it has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. Scholastic Corporation (NASDAQ: SCHL ) dipped 17.2% to settle at $33.42. Sasha Quinton, President at Scholastic, reported a large insider buy on September 22, according to a new SEC filing. Patterson-UTI Energy, Inc. (NASDAQ: PTEN ) fell 16.4% to close at $10.86. Kosmos Energy Ltd. (NYSE: KOS ) fell 13.4% to settle at $4.92. Shares of several oil gas companies traded lower amid strength in the dollar and increased fears of an economic slowdown as investors continue to assess Wednesday''s Fed commentary and 75 bps rate hike. Equitrans Midstream Corporation (NYSE: ETRN ) fell 12.8% to close at $8.12.