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These 5 stocks that closed down on Tuesday

07.12.2022

Wall Street indices closed down over 1% on Tuesday as recession worries weighed on investors minds. The Nasdaq closed 2% lower, while the Dow Jones ended 1.03% down and the S&P 500 declined 1.44%. The following five stocks are drawing retail investors attention:

Tesla Inc TSLA shares were 1.44% lower on Tuesday. Electric car deliveries from the Shanghai factory rose to a new all time high in November with Tesla shipping 100,291 cars last month compared to 71,704 in October, according to Bloomberg. The report said this follows aggressive marketing tactics and promotions in China's increasingly competitive market.

Apple Inc. AAPL: Shares of Apple were down 2.54% on Tuesday. According to Bloomberg, the iPhone maker has scaled back ambitious self-driving plans for its future electric vehicle while also postponing the car's target launch date to 2026, citing people with knowledge of the matter.

MongoDB Inc MDB: Shares of MongoDB ended Tuesday 2.71% lower but gained 26.48% in extended trading after the company reported a 47% year-over-year increase in revenue to $333.6 million, which beat average analyst estimates of $303.39 million. MongoDB reported quarterly adjusted earnings of 23 cents per share, up from 3 cents per share a year ago.

GameStop Corp. GME: Shares of GameStop closed Tuesday's session 8.45% lower. Axios reported on Wednesday that the company began layoffs as it prepares to report third-quarter financial results.

SentinelOne Inc S: SentinelOne stock ended Tuesday's session 1.05% lower, but gained 1.42% in extended trading. The company reported a 106% increase in revenue to $115.3 million in the third quarter.