Advance Auto Parts, Nordstrom and other major stocks post losses on Wednesday

U.S. stocks closed higher, with the Nasdaq Composite gaining 50 points on Wednesday. Here is the list of some big stocks that fell during the previous session.

Shares of Starbox Group Holdings Ltd. STBX fell 36.2% to $9.83 on Wednesday after jumping 285% on Tuesday. Starbox Group has proposed an IPO of 5 million shares at $4.00 per share. WeTrade Group, Inc. WETG fell 20.8% to close at $2.55. WeTrade recently entered into a strategic partnership with Guyguide to exclusively design and supply Monkeypox test kits and insurance coverage products for travel to the United States, Canada, Australia and European countries. Nordstrom, Inc. JWN fell 20% to close at $18.57. Nordstrom reported better-than-expected results for its second quarter, but lowered its outlook for FY22. Citi Trends, Inc. CTRN fell 18.8% to close at $24.82 after the company reported worse-than-expected second-quarter results. ScanSource, Inc. SCSC fell 16.8% to close at $28.40 after the company posted lackluster fourth-quarter results. Caleres, Inc. CAL fell 15.5% to $25.16 after the second quarter results. Summit Therapeutics Inc. SMMT fell 15% to close at $1.30. Janux Therapeutics, Inc. JANX fell 13.1% to settle at $12.68. Revlon, Inc. REV fell 11.6% to close at $6.80 following a Bloomberg report suggesting Revlon's bankruptcy judge rejected shareholders' plea for a bankruptcy panel . Nutex Health, Inc. NUTX fell 10.3% to close at $3.06. Nutex Health recently recorded a loss of $0.03 per share in the second quarter. Omeros Corporation OMER fell 9.9% to close at $4.3150. Advance Auto Parts, Inc. AAP fell 9.6% to close at $179.91 after the company reported worse-than-expected second-quarter results and issued guidance for FY22. ZTO Express (Cayman) Inc. ZTO fell 9.1% to close at $24.32 after the company announced a proposed $870 million convertible senior note offering. Petco Health and Wellness Company, Inc. WOOF fell 8.8% to $14.34 after the company reported worse-than-expected second-quarter sales and EPS results. The company also released FY22 EPS and sales guidance below analysts' estimates. Shoe Carnival, Inc. SCVL fell 8.7% to close at $22.60. Shoe Carnival is expected to report second quarter results on Thursday, August 25, 2022. Aehr Test Systems AEHR fell 8.6% to settle at $16.65. Pagaya Technologies Ltd. PGY fell 8.3% to close at $14.36 as the stock continued to sell after its late July surge. Apellis Pharmaceuticals, Inc. APLS fell 7.9% to settle at $61.12. Apellis Pharmaceuticals revealed a reading of front-line data at 24 months showing increased effects over time with intravitreal pegcetacoplan in the DERBY and OAKS Phase 3 studies of geographic atrophy (GA) secondary to macular degeneration related to age (AMD). Chico's FAS, Inc. CHS fell 7.5% to close at $6.39. Chico's FAS is expected to release its second quarter results on Wednesday, August 31, 2022.

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