5 Top Stock Decliners Friday as Jobs Report, Omicron Dull Sentiment
Stocks were falling Friday, pulled down by a weaker-than-expected jobs report and concerns about the omicron Covid-19 variant.
Here are some companies that took a hit Friday.
1. DocuSign DOCU | Down 41%
Shares of DocuSign (DOCU) - Get DocuSign, Inc. Report plunged Friday after the e-signature stalwart offered sales guidance below expectations and said its pandemic-aided boom has faded.
The company's sales guidance ranged from $557 million to $563 million, while analysts were expecting sales of $573.8 million.
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2. DiDi DIDI | Down 18%
Shares of Didi (DIDI) - Get DiDi Global Inc. Report fell Friday after the Chinese ride-hailing company said it would delist from the New York Stock Exchange and list in Hong Kong. The company went public last summer.
3. Ollie's OLLI | Down 20%
Olli's (OLLI) - Get Ollie's Bargain Outlet Holdings Inc Report stock struggled after the discount retailer posted lower-than-forecast sales and earnings for the fiscal third quarter due to supply-chain issues.
For the quarter ended Oct. 30, Ollie's net income nearly halved to $23.2 million, or 36 cents a share, from $45.2 million, or 68 cents a share, in the year-earlier quarter.
4. Li Auto LI | Down 17%
Shares of Li Auto (LI) - Get Li Auto Report tumbled on the news of Chinese ride-hailing company DiDI's delisting from the New York Stock Exchange.
5. Nvidia NVDA | Down 5.%7
Shares of chipmaker Nvidia (NVDA) - Get NVIDIA Corporation Report traded lower a day after the Federal Trade Commission sued the company regarding its $40 billion takeover of UK chip-design company Arm citing what it said might become anticompetitive behavior.
