Biggest Losers in the Stock Market Amid Thursday's Selloff

The worst-performing stocks in the market on Thursday include Vroom, FuelCell Energy, MicroStrategy, Tilray, Plug Power, Marvell Technology and more.
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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 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% 

Schrodinger  (SDGR) - Get Report reported its fourth-quarter financials Thursday morning and missed revenue expectations, sending shares lower.

3. Novavax | Decreased -13.89%

Novavax  (NVAX) - Get 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 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 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 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.

Both FuelCell Energy  (FCEL) - Get Report and Plug Power were falling in trading Thursday.

8. Tilray | Decreased -10.44%

Tilray  (TLRY) - Get Report has been one of the cannabis stocks to watch in the Cannabis Stocks Watchlist as it prepares for its merger with Aphria  (APHA) - Get Report.

9. QuantumScape | Decreased -9.33%

QuantumScape  (QS) - Get 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 Report down in trading Thursday.

Marvell Technology is a key holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stock? Learn more now.