Stocks traded mixed Thursday despite a string of better-than-forecast retail earnings.
Here are some companies that took a hit Thursday.
1. Cisco CSCO | Down 7.79%
2. Alibaba BABA | Down 10.85%
Shares of Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report tumbled Thursday after the China-based retailing giant posted softer-than-expected second quarter sales amid Beijing's broader crackdown on the tech sector.
3. Activision Blizzard ATVI | Down 3.63%
Shares of Activision Blizzard (ATVI) - Get Activision Blizzard, Inc. Report came under pressure Thursday after analysts at J.P. Morgan downgraded the video game maker to neutral from overweight and cut its share price target to $88 from $100
4. Petco WOOF | Down 11.41%
Shares of pet accessories retailer Petco (WOOF) - Get Petco Health & Wellness Co. Report slipped even after the company reported better-than-forecast earnings and revenue for its third quarter. Petco’s gross margin did narrow year over year.
5. Lucid Motors LCID | Down 15.30%
Shares of electric vehicle maker Lucid Motors (LCID) - Get Lucid Motors Report extended its slide for a second day in a row after reaching a lofty market value near $90 billion ahead of legacy automakers Ford (F) - Get Ford Motor Company Report and General Motors (GM) - Get General Motors Company (GM) Report.