Why These 5 Stocks Are Moving on Thursday

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1. EPAM Systems, Inc. (NYSE:EPAM) has dipped over 10% today after the company withdrew its Q1 and FY22 guidance due to uncertainties created by the Russia and Ukraine conflict. Since February 26, the stock price of Newtown, Pennsylvania-based company has lost over 40% of its value. EPAM Systems, Inc. (NYSE:EPAM) employs over 58,000 employees, out of which 14,000 employees are in Ukraine, and more than 18,000 are in Belarus and Russia. EPAM Systems, Inc. (NYSE:EPAM) has come under serious criticism on social media platforms after its Chairman of the Board and the CEO, Arkadiy Dobkin, promised to provide support to Ukraine but did not condemn the actions undertaken by Russia. As per the data compiled by Insider Monkey, 38 hedge funds had a stake in EPAM Systems, Inc. (NYSE:EPAM), with a cumulative value of over $503 million as of Q4 2021.

You can also take a peek at the 9 Stocks to Invest In According to Joshua Kushner’s Thrive Capital and 10 Stocks For Passive Income In 2022.

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