10 Stocks Plunging Fast; 5 Now at All-Time Lows

Ten stocks fell sharply on Wednesday, losing double digits, as investors soured on a flurry of disappointing earnings and outlook. Of the 10 firms, five fell to all-time lows.

The firms traded in line with a mostly pessimistic market, with the Dow Jones dropping 0.16 percent and the S&P 500 finishing flat after the Federal Reserve’s announcement that a December rate cut is not guaranteed. The Nasdaq was the sole gainer, up 0.55 percent.

In this article, we spotlight the 10 worst performers on Wednesday and detail the reasons behind their drop.

To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.

Stock market data. Photo by Alesia Kozik on Pexels

10. Etsy Inc. (NYSE:ETSY)

Shares of online marketplace Etsy Inc. (NYSE:ETSY) fell by 12.80 percent on Wednesday to close at $65.21 apiece despite an earnings blowout in the third quarter of the year as investors sold off positions following the resignation of its chief executive officer (CEO) and other key leadership changes.

In an updated report, the company said that Josh Silverman is stepping down as its CEO effective December 31, 2025, without providing any reason. He will be replaced by incumbent President and Chief Growth Officer Kruti Patel Goyal effective January 1, 2026.

Meanwhile, Etsy Inc. (NYSE:ETSY) Chairman Fred Wilson will step down from his position, but will continue to serve on the board of directors.

“After over 8 years as Etsy’s CEO, I’ve decided that this is the right time for me to hand over the leadership baton to the next generation,” Silverman said, adding that Goyal is the right leader to guide the business forward.

On the same day, Etsy Inc. (NYSE:ETSY) announced a 31.6 percent jump in net income in the third quarter of the year, to $75.5 million from $57 million in the same period last year. This included an $800,000 non-cash foreign exchange gain as compared with a foreign exchange loss of $16.8 million in the same period last year.

Revenues inched up by 2.4 percent to $678 million from $662 million year-on-year.

For the fourth quarter of the year, the company is targeting to hit between $3.5 billion and $3.65 billion in gross merchandise sales.

9. Gates Industrial Corp. (NYSE:GTES)

Gates Industrial extended its losing streak to a third straight day on Wednesday, shedding 12.86 percent to close at $22.50 apiece as investors sold off positions after lowering its core sales growth outlook for full-year 2025.

In an updated report, Gates Industrial Corp. (NYSE:GTES) said it now expects core sales growth to increase by 0.5 percent to 1.5 percent year-on-year, a lower upper end versus the 2.5 percent previously.

Adjusted EBITDA was also revised to a range of $770 million to $790 million, versus the $765 million to $795 million.

In the third quarter of the year, Gates Industrial Corp. (NYSE:GTES) achieved better earnings performance, with revenues growing 3 percent to $855.7 million from $830.7 million in the same period last year. Net income attributable to shareholders also jumped by 71.4 percent to $81.6 million from $47.6 million year-on-year.

“Our team helped deliver improved sales and core growth in the third quarter supported by solid growth in Automotive Replacement and strong growth in Personal Mobility,” said Gates Industrial Corp. (NYSE:GTES) CEO Ivo Jurek.

“We are executing our footprint optimization initiatives and anticipate to reduce our structural cost position over the first half of next year. We are seeing solid revenue generation opportunities with our secular growth initiatives and are optimistic about our business prospects in the mid-term,” he noted.