5 Stocks Getting Hammered on Friday

2. Eni S.p.A (NYSE:E) has crashed 3.3% as of 12:39 PM ET after the European integrated oil and gas company reduced its planned growth of upstream production from 4% previously to 3% every year until 2025. This was revealed by Eni S.p.A (NYSE:E) in an updated capital markets strategy issued earlier today. Furthermore, Eni S.p.A (NYSE:E) also announced that it intends to spin off Plenitude, the renewable energy and retail business arm of the energy giant. The Rome, Italy-based oil major is in the portfolio of only three hedge funds as of Q4 2021.