Selling pressure hits Carvana, Warby Parker, Fisker and other battleground stocks

Aug. 22, 2022 2:09 PM ETCarvana Co. (CVNA)WKHS, W, SFIX, BBIG, BYND, RIDE, LAZR, EVGO, HYZN, FSR, FFIE, WEBR, WRBY, SEV, PEVBy: Clark Schultz, SA News Editor19 Comments

Economic crisis that will affect the world grow of inflation and fuel price

Leonid Sorokin

The general risk-off mood by investors ahead of Federal Reserve's Jackson Hole Symposium has sent shares of many battleground stocks in the consumer sector lower.

Retail-level buying of some of the favorite meme stocks is also reported to be far below normal activity on Monday, with the recent drama around Bed, Bath & Beyond in the mix.

Highly-shorted Carvana (NYSE:CVNA) -14.59% and Stitch Fix (SFIX) -12.38% are two of the most notable decliners from the consumer sector.

There was also sharp drops for Warby Parker (WRBY) -8.92%, Luminar Technologies (LAZR) -8.37%, Weber (WEBR) -7.46%, Vinco Ventures (BBIG) -7.33%, Beyond Meat (BYND) -6.07%, and Wayfair (W) -6.05%.

In the EV sector, the risk-off sentiment has hit Sonos Group N.V. (SEV) -9.05%, Faraday Futures Intelligent (FFIE) -8.00%, Phoenix Motor (PEV) -7.88%, Lordstown Motors (RIDE) -7.01%, Workhorse Group (WKHS) -6.15%, EVgo (EVGO) -5.85%, Hyzon Motors (HYZN) -4.55%, and Fisker (FSR) -4.15%.

Read more about the broad drops across the stock market.

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