Stocks fell sharply amid trading Thursday as Wall Street focused on comments about inflation from Federal Reserve Chairman Jerome Powell.
Stocks in the Dow were down 335 points, or 1.07%, the Nasdaq was down 258 points or 1.99%, and the S&P 500 was down 49 points, or 1.29%.
Here are the worst stocks by percentage decrease during trading Thursday as of the time of publishing.
1. Vroom | Decreased -28.00%
Vroom (VRM) - Get Vroom, Inc. Report shares plunged after the online used-car seller posts a wider-than-expected fourth-quarter loss, in turn sparking Wall Street analysts to lower their price targets.
2. Schrodinger | Decreased -26.78%
3. Novavax | Decreased -13.89%
Novavax (NVAX) - Get Novavax, Inc. Report posted a wider than expected loss on a big jump in revenue Monday, as the biotech's CEO said it's making "significant strides" toward bringing a COVID-19 vaccine to market.
4. Digital Turbine | Decreased -13.07%
Digital Turbine (APPS) - Get Digital Turbine, Inc. Report announced the acquisition of the programmatic demand-side platform company Triapodi Ltd. Tuesday. The stock is down over 14% since the close of trading Tuesday.
5. Marvell Technology | Decreased -12.00%
Marvell Technology (MRVL) - Get Marvell Technology, Inc. Report reported earnings in-line with analyst expectations on revenue that topped estimates but shares fell after it expected supply challenges in future quarters.
6. MicroStrategy | Decreased -11.74%
MicroStrategy (MSTR) - Get MicroStrategy Incorporated Class A Report continues to buy more in bitcoin which might help the company if the stock market continues to be volatile while cryptocurrencies remain steady.
7. FuelCell Energy | Decreased -10.66%
U.S. oil prices surged towards $65 a barrel Thursday as OPEC agreed to extend a pact on production cuts into the spring and the Energy Department reported a record decline in domestic crude stockpiles.
8. Tilray | Decreased -10.44%
9. QuantumScape | Decreased -9.33%
QuantumScape (QS) - Get QuantumScape Corporation Class A Report climbed this past month after the battery maker reveals a technology breakthrough and after George Soros discloses a $4.6 billion stake.
A class-action lawsuit was filed Wednesday on behalf of investors who purchased QuantumScape this past Nov. 27 through Dec. 31 alleging the company of misleading statements.
10. Plug Power | Decreased -8.65%
JP Morgan said Monday that "Plug Power's stock is attractively priced at present, ahead of potential positive catalysts." Unfortunately, oil prices were rising sending Plug Power (PLUG) - Get Plug Power Inc. Report down in trading Thursday.