Top Stock Losers in USA: 12 Biggest Decliners Tuesday

Every trading day has its winners, and then there’s the other list. The one nobody wants their stock on. On Tuesday, 10 November 2026, that list got crowded fast, because a hot inflation report hit at 8:30 in the morning and a few companies had bad earnings news on the same day.

If you own any of these stocks, or you’re thinking about buying the dip, this is where you start. Below are the top stock losers in the USA from Tuesday’s session, how much each one fell and the reason behind each drop. We stuck to names that most investors have heard of, so no penny stocks here. The smaller companies that crashed hard get their own short section near the end.

How the market closed on Tuesday

The whole market was down, but not by much. Here’s where the main indexes closed, using figures from The Motley Fool and CappNotes:

So a 0.38% drop for the S&P 500 is a quiet day. The stocks below fell 4% to 17% on that same day, which tells you most of the damage came from company news, not the market as a whole.

Why the market was red: inflation came in hot

The Bureau of Labor Statistics put out the October consumer price index on Tuesday morning. Prices rose 0.4% from September, while economists expected 0.3%, Yahoo Finance reported. Core prices, which leave out food and energy, rose 0.3% against a 0.2% forecast, according to CappNotes.

That matters to stock prices because it pushes the Federal Reserve toward raising interest rates again. Yahoo Finance said traders now “overwhelmingly expect” a 0.25 point hike in December, and Fed governor Christopher Waller said a bigger 0.5 point hike “should be considered” if inflation stays hot (per CappNotes). Treasury yields jumped. The 2-year yield rose about 0.17 points to 4.73%, CappNotes reported.

Higher rates hurt some stocks more than others. Homebuilders, expensive growth stocks and crypto names usually feel it first, and you’ll see all three on this list.

Top stock losers in the USA: the full list

Sources for each percentage are in the sections below and in the source list at the end.

1. Hims & Hers Health (HIMS): down 16.61%

Hims & Hers was the biggest loser among well-known US stocks on Tuesday. Shares closed at $19.13, according to Big Moves.

The odd part is that sales grew fast. Third-quarter revenue rose 49% to $890.4 million, Stock Titan reported. Investors looked past that because of the rest of the report. The company:

• Posted a loss for the quarter.
• Cut its 2026 adjusted EBITDA forecast to $257 million to $277 million (Stock Titan).
• Forecast fourth-quarter revenue below what Wall Street expected.
• Reported fewer subscribers than in the quarter before (Big Moves).

Hims says it’s spending more on pricing and marketing for its weight-loss business and for growth outside the US. In plain words, the company is growing but making less money doing it, and the market punished that hard.

2. Novanta (NOVT): down 15.26%

Novanta makes precision parts, lasers and motion systems for medical and factory equipment. It reported third-quarter results after the close on Monday, so Tuesday was the first full trading day to react.

On paper the quarter was a beat. Revenue came in at $305 million against a $301 million analyst estimate, and adjusted earnings per share were $1.05 against $0.97, StockStory reported, citing S&P estimates. The problem was the forecast. Novanta lowered its full-year adjusted EPS outlook to $3.69 at the midpoint, and CappNotes said its fourth-quarter EPS guidance came in below what analysts wanted. A good quarter with a lower forecast is a common way to lose 15% in a day.

3. Qualys (QLYS): down 13.51%

Qualys is a cybersecurity software company, and this one is a good example of a stock falling on good news.

According to the company’s own release, third-quarter revenue rose 11% to $188.0 million and non-GAAP EPS was $2.12. Both beat estimates. Qualys even raised its full-year revenue forecast to $736.9 million to $738.9 million. But it guided fourth-quarter revenue to $191 million to $193 million, which StockStory called roughly in line with estimates. CappNotes summed it up: the outlook “didn’t show enough growth acceleration.” Investors wanted faster growth than 11%, and they didn’t see it coming.

4. On Holding (ONON): down 7.54%

On, the Swiss running shoe brand, reported net sales of CHF 931.4 million for the third quarter, up 17.2%, according to Panabee. That’s a strong number for most companies. For On, which investors pay a high price for because of its growth, it wasn’t enough.

CappNotes said the drop came from direct-to-consumer sales missing expectations. There’s also a catch in the margins. On’s gross margin was 72.6%, but that included CHF 52.6 million in US tariff refunds. Without the refunds, the margin was 66.9% (Panabee). The company kept its full-year sales growth forecast in the “low-20% range” and announced a buyback of up to $1 billion, which didn’t stop the selling.

5. Trex (TREX): down 7.30%

Trex makes composite decking, the stuff you see on newer backyard decks. It closed at $54.45 on Tuesday, per Big Moves.

The reason here was one analyst call. DA Davidson downgraded Trex to Neutral from Buy. The firm worries that dealers loaded up on inventory in the second half of the year, which made Trex’s sales look better than actual demand from homeowners. If that’s right, 2027 could start slow while dealers work through what they already bought.

6. Moderna (MRNA): down 6.8%

Moderna was the worst performer in the whole S&P 500 on Tuesday, according to Trefis. We couldn’t find one clear piece of company news behind the drop. TradingKey said the stock had recently hit 52-week highs after its third-quarter report and pointed to doubts about vaccine demand and competition. Biotech stocks with big recent gains often drop hard on days when rate fears pick up, and that looks like the most likely story here. Treat this one as a pullback, not a reaction to bad news.

7. First Solar (FSLR): down 5.5%

First Solar fell 5.5% on Tuesday after dropping 4.7% on Monday, Trefis reported. That’s two bad days in a row, and the reason goes back to its late October earnings call.

Third-quarter sales fell 22.8% from a year earlier, and management lowered several 2026 forecasts, including revenue, adjusted EBITDA and how many panels it expects to finish in the US, Trefis reported. Profit actually rose, and the company has 44 gigawatts of panels under contract worth about $13.5 billion. Still, investors keep selling on the weaker outlook. Higher rates don’t help either, since solar projects run on borrowed money.

8. Nvidia (NVDA): down 5.47%

The biggest company on this list. Nvidia closed at $168.89, down $9.78, according to Yahoo Finance. It fell more than 4% on Monday too, so that’s two days of heavy losses.

The reason isn’t earnings. Nvidia’s board opened an independent investigation into reports that CEO Jensen Huang was the target of a foreign intelligence effort, after he admitted an affair with a woman US intelligence reportedly believes was gathering information for China. Big Moves reported the board hired the law firm Wachtell Lipton to run the probe. Nvidia reports earnings soon, so investors are now holding a stock with an open question about its CEO going into a big report.

Nvidia is one of the biggest weights in the S&P 500 and Nasdaq, and CNBC said its slide dragged both indexes lower on Tuesday (via Stock Titan). If you want the full story, read our article on Nvidia and the alleged Chinese spy scandal.

9 and 10. Lennar (LEN) and NVR (NVR): down 5.4% and 4.8%

Two of the biggest US homebuilders fell together. Lennar dropped 5.4% and NVR dropped 4.8%, according to Trefis.

We didn’t find company-specific news for either one, and the timing points to the inflation report. Homebuilders are some of the most rate-sensitive stocks you can own. When inflation runs hot, traders bet on higher rates, mortgage rates follow, and fewer people can afford a new house. Tuesday’s CPI number pushed hike bets higher, and homebuilders paid for it. Dream Finders Homes, a smaller builder, fell 7.70% the same day (CappNotes).

11. Coinbase (COIN): down about 4%

Crypto stocks had a rough day. Coinbase and Strategy (MSTR), the company that holds a huge pile of Bitcoin, both fell about 4%, and Robinhood dropped more than 3%, Yahoo Finance reported.

The reason is simple. Bitcoin briefly slipped below $73,000 as investors moved out of riskier assets after the inflation data. When Bitcoin falls, stocks tied to it usually fall more.

12. GE Vernova (GEV): down 3.89%

GE Vernova makes gas turbines and power equipment, and a lot of its recent growth has come from data centers that need power. CappNotes reported the stock fell after SoftBank revised its plans for buying power for US data centers, including its Ohio project.

This follows a story from last week. On 6 November, Elon Musk posted that SoftBank was “defaulting” on its turbine orders, TIKR reported. SoftBank had said in May it reserved turbines from makers including GE Vernova for a 9.2 gigawatt gas plant in Ohio. As of TIKR’s report, no one had confirmed any cancelled orders. Investors are nervous anyway, because GE Vernova trades at about 33 times forward earnings and any crack in data-center demand hits a stock priced like that.

Other S&P 500 stocks that fell

These also made the S&P 500’s 10 worst list on Tuesday, according to Trefis. We couldn’t find one clear news item for each, so we’re not guessing at reasons:

Smaller stocks that crashed on earnings

These companies are smaller than the ones above, but the drops were huge and each one had a clear reason. All figures are from Stock Titan:

• Digital Turbine (APPS), down 35.84%. The mobile ad company raised its fiscal 2027 revenue forecast to $670 million to $690 million but kept its adjusted EBITDA forecast at $145 million to $155 million. Investors wanted the profit outlook raised too.
• Groupon (GRPN), down 23.05%. Third-quarter revenue grew just 2%, and the company guided 2026 revenue to $500 million to $503 million, “flat to up 1%.”
• Gilat Satellite Networks (GILT), down 20.45%. Third-quarter revenue was $116.2 million against $117.7 million expected, and Gilat cut its 2026 revenue forecast to $455 million to $475 million.

What you can take from Tuesday’s losers

Look at the reasons again and you’ll see three patterns.

First, beating estimates doesn’t protect a stock. Novanta and Qualys both beat on revenue and earnings and still fell 13% to 15%, because the forecast is what investors buy. Second, rates are back in charge. Homebuilders, crypto stocks and expensive growth names all slid on one inflation report. Third, a lot of stocks on this list were already sliding, like First Solar and Nvidia, so Tuesday added to losses rather than starting them.

If you’re thinking about buying any of these after the drop, read the actual earnings release first, not just the headline. A cut forecast is a problem inside the company. One hot inflation number is a problem for the whole market, and that mood can flip fast, the way stocks jumped on Monday and slid on Tuesday. This article is for information only and isn’t financial advice.