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

Published: September 30 2022, 10:00 GMT+0

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

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

A quick update before today's session: leading equity indices in the US declined as S&P 500 closed at 3,640.47, a 2.11% change. After dropping 2.84%, Nasdaq closed at 10,738.

On the flip side, United States Initial Jobless Claims beat the 215,000 projections, with 193,000.

-19.72%: Carvana Co. lost 19.72% yesterday, closed at $21.57

Early in yesterday's session, Carvana Co. dropped to $20.53 from $26.87 at the end of Wednesday, before closing at $21.57. During the session, it lost 19.72%.
The company's market cap is $3.83 billion with an average daily trading volume of 8.20 million shares. So far in 2022, it has been doing worse than the Nasdaq by 42.93%.

-24.6%: Carmax dropped by 24.6% and closed the session at $65.16

After ending Wednesday at $86.42, Carmax fell down to $64.44 yesterday and closed at $65.16 — losing 24.6% of its value. Carmax's market cap currently stands at $10.37 billion so far in 2022, it has been doing worse than the S&P 500 by 10.62%.

The company reported earnings of 0.79 per share yesterday, falling short of expectations of 1.43. Revenue was also lower than expected at $8.14 billion versus $8.61 billion. Since the release of its earnings report, Carmax lost 24.6%

-14.44%: yesterday's lacklustre sentiment ensured Peloton Interactive slid 14.44%

More of the same from yesterday's session: after ending Wednesday at $8.24, Peloton Interactive dropped to $6.82 early in yesterday's session and closed at $7.05. Overall, it lost 14.44% of its value. The company's market cap is $2.39 billion with an average daily trading volume of 13.75 million shares. So far in 2022, it has been doing worse than the Nasdaq by 31.26%.

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