Traders Heavily Sold Down These 10 Stocks on Thursday

The stock market wiped away earlier gains, ending Thursday’s trading in another bloodbath session, as investors sold off positions amid President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods to 145 percent.

The Nasdaq was battered the most among all major indices, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies were heavily sold down on Thursday, recording double-digit losses as investors parked funds to minimize risks from the ongoing uncertainties. In this article, we have listed Thursday’s 10 worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

Photo by Markus Winkler on Pexels

10. Warner Bros Discovery Inc. (NASDAQ:WBD)

Warner Bros fell by 12.53 percent on Thursday to finish at $8.10 apiece as investors sold off positions following comments from the China Film Administration that Washington’s aggressive tariff imposition on Beijing would broadly impact American films.

“The wrong move by the US government to abuse tariffs on China will inevitably further reduce the domestic audience’s favorability towards American films,” the agency said.

The comment spells bad news for the film entertainment giant considering its substantial debt worth $34.6 billion.

In recent news, WBD recently replaced studio heads Mike de Luca and Pam Abdy following a series of box office flops.

According to a report by Bloomberg, WBD Chief Executive Officer David Zaslav is in talks with potential successors to de Luca and Abdy which triggered the box office failures of “Alto Knights,” “Mickey 17” and “Joker: Folie à Deux,” with the latter raking in only around $200 million following the first Joker’s $1 billion revenues.

9. APA Corp. (NASDAQ:APA)

APA Corp. saw its share prices drop by 12.63 percent on Thursday to end at $14.60 apiece as investors resorted to profit-taking following the prior day’s gain while waiting on the sidelines for further updates on the ongoing US-China trade tensions.

In the previous trading day, APA clocked in a 19-percent gain in line with higher crude oil and natural gas prices which largely benefited energy firms like APA.

On Wednesday, APA announced initial updates about its business operations and said that the full information would be released at its first-quarter earnings release on May 8, 2025.

Analysts expected APA to post $0.80 earnings per share (EPS) in the first quarter, which would represent a 2.6-percent increase from the same period last year.

Revenues are expected to settle at $2.18 billion, which, if realized, would mark a 14.5-percent growth year-on-year.

APA is an American energy company engaged in the exploration of oil and natural gas.