Stocks traded mixed Thursday as investors digested the accelerated pace of U.S. inflation.
Here are some companies that took a hit Thursday.
1. Paysafe PSFE | Down 41%
Shares of Paysafe (PSFE) - Get Founder SPAC Class A Report plummeted after the online payment processing platform backed by Blackstone Group and CVC Capital Partners posted weaker-than-expected third quarter revenues and lowered its full-year profit forecasts.
2. Bumble BMBL | Down 19%
Online dating app Bumble (BMBL) - Get Bumble, Inc. Class A Report traded sharply lower after the company posted its first sequential decline in user growth since it went public in February. In the third quarter, total paid users fell 2% from the prior quarter to 2.9 million.
Bumble reported a wider-than-expected loss for the third quarter but exceeded revenue targets set by Wall Street analysts.
3. Disney DIS | Down 6.55%
Shares of Disney (DIS) - Get Walt Disney Company Report struggled after the entertainment giant posted a slowdown in subscriber sign-ups to 2.1 million new subscribers in the fiscal fourth quarter, significantly lower than FactSet's forecast of around 10.2 million.
4. Beyond Meat BYND | Down 13%
Shares of Beyond Meat (BYND) - Get Beyond Meat, Inc. Report tumbled after the alternative meat-maker reported a wider third-quarter loss and lower-than-expected revenue. Guidance for the fourth quarter also missed analysts' forecast.
5. Moderna MRNA | Down 3%
Shares of Moderna (MRNA) - Get Moderna, Inc. Report came under pressure even as the drugmaker defended its two-shot Covid vaccine, saying its prevention of harsh disease, hospitalization and death belies a risk of myocarditis.
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