The following 3 stocks fared the worst amid today's decline

Published: September 29 2022, 22:00 GMT+0

The following 3 stocks fared the worst amid today's decline

Markets closed lower, with Carmax Inc, Carvana Co., Peloton Interactive Inc making today's list of top losers.

A review of what happened today: leading equity indices in the US declined as S&P 500 shed 2.11% and closed at 3,640.47. Nasdaq slipped 2.84% and closed at 10,738.

On the flip side, data for United States Initial Jobless Claims published today at 12:30 UTC came out at 193,000, beating projections of 215,000 and showing improvement over the preceding figure of 209,000.

-19.72%: bearish mood pushes Carvana Co. to session low of $20.53

Early in today's session, Carvana Co. dropped to $20.53 from $26.87 at the end of yesterday, before closing at $21.57. During the session, it lost 19.72%.
Carvana Co. is currently trading with a market cap of $3.83 billion with an average daily volume of 7.44 million shares. So far in 2022, it has been under-performing the Nasdaq by 45.53%.

Carmax tumbles to $65.16 after a disappointing performance report

After ending yesterday at $86.42, Carmax fell down to $64.44 today and closed at $65.16 — losing 24.6% of its value. The company's market cap is $10.37 billion with an average daily volume of 1.49 million shares. So far in 2022, it has been under-performing the S&P by 3%.

The company reported earnings of 0.79 per share today, falling short of expectations of 1.43. Revenue was also lower than expected at $8.14 billion versus $8.61 billion.

-14.44%: bearish Peloton Interactive declines $1.19 (14.44%)

Today's session continued the recent downtrend: after ending yesterday at $8.24, Peloton Interactive dropped to $6.82 early in today's session and closed at $7.05. Overall, it lost 14.44% of its value. Peloton Interactive's market cap currently stands at $2.39 billion with an average daily volume of 13.42 million shares. So far in 2022, it has been under-performing the Nasdaq by 33.33%.

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