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

Published: September 22 2022, 10:00 GMT+0

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

Markets closed lower, with Zai Lab Limited, Sotera Health Company, NIO Inc. making yesterday's list of top losers.

A quick update: leading equity indices in the US declined as after dropping 1.7%, Dow Jones closed at 30,184. S&P 500 closed at 3,790, a 1.71% change.

While price action maintains a negative bias, United States Interest Rate came out at 3.25, while a consensus of analysts was expecting 3.25.

-10.34%: NIO Inc. ended the session at $18.3 (-10.34%)

Yesterday's session continued the recent downtrend: early in yesterday's session, NIO Inc. dropped to $18.25 from $20.41 at the end of Tuesday, before closing at $18.3. During the session, it lost 10.34%.
The company has a market cap of $33.63 billion with an average daily volume of 46.79 million shares.

Yesterday's 10.73% loss extends an 8 day bearish run in which Sotera Health had already lost $8.23 from its share value. Daily trading volume (7.44 million shares) was higher than the current multiday average of 3.12 million.

-12.68%: bearish mood pushes Zai Lab to session low of $42.37

After ending Tuesday at $49.12, Zai Lab dropped to $42.37 early in yesterday's session and closed at $42.89. Overall, it lost 12.68% of its value. Zai Lab has a market cap of $4.22 billion with an average daily trading volume of 689,979 shares. The Nasdaq has been doing worse in 2022, it has been passing it by 9.92%.

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