Published on 2 Aug 2022 on Insider Monkey via Yahoo Finance
In this article, we will take a look at the top 10 losers of this morning. If you want to see some more companies losing value today, go directly to Top 5 Losers Today.
Notable S&P 500 stocks, including construction and mining equipment maker Caterpillar Inc. (NYSE:CAT), energy firm The Williams Companies, Inc. (NYSE:WMB) and wealth management company First Republic Bank (NYSE:FRC), fell this morning.
Shares of Caterpillar Inc. (NYSE:CAT) and The Williams Companies, Inc. (NYSE:WMB) plummeted after missing sales expectations for the second quarter. In comparison, First Republic Bank (NYSE:FRC) slipped after it decided to sell 2 million shares of its common stock.