Stocks rose Monday as investors awaited data on key economic indicators including the U.S. consumer price index to be released on Wednesday.
Here are some of the companies that took a hit on Monday.
1. Tesla | Down 4.8%
Shares of Tesla (TSLA) - Get Tesla Inc Report fell under pressure Monday after founder and chief executive Elon Musk's Twitter poll received majority support on proposal to sell his 10% stake in the electric-car maker.
Musk on Saturday tweeted that, “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?”
Out of 3.5 million Twitter TWTR users who responded, 58% said they’d support a theoretical sale.
2. Live Nation | Down 5.4%
Live Nation (LYV) - Get Live Nation Entertainment, Inc. Report stock traded lower Monday after the entertainment company was among the organizers of the Astroworld Festival, a music event in Houston, where eight people were killed in a stampede on Saturday.
A concert attendee has reportedly filed a lawsuit against Live Nation, rapper, songwriter and singer Travis Scott and festival production company ScoreMore.
3. Peloton | Down 7.9%
Peloton (PTON) - Get Peloton Interactive, Inc. Class A Report shares extended their decline from last week after falling 35% on Friday since the fitness equipment maker slashed its 2022 sales forecast amid a slump in post-pandemic demand.
4. Nike | Down 3.2%
Shares of sports retailer Nike (NKE) - Get NIKE, Inc. Class B Report struggled Monday. There was no company specific news related to the decline. As part of its fiscal first quarter earnings ended Sept. 23 the company lowered its full-year guidance due to supply chain issues that hit its factories in Vietnam and Indonesia.
5. Zix | Down 2.6%
Shares of software firm Zix (ZIXI) - Get Zix Corporation Report traded lower Monday after the company said it had entered a definitive agreement to be acquired by Open Text (OTEX) - Get Open Text Corporation Report for $8.50 a share in an all cash deal.