VIDEO: Which stock is down 16% today?

Brambles (ASX:BXB) released a third quarter trading update today showing sales revenue for the first 9-months of the financial year is up 8%, and the company upgraded its full-year guidance to expect between 8% and 9% sales revenue growth for the year.

Following the news, Brambles shares increased 6.5%.

Zip Co (ASX:Z1P) announced third quarter results this morning including active customer growth of 78%, merchants up 90% and quarterly transaction volume of $2.1bn, but credit losses worsened due to internal and external factors.

Following the news, Zip shares rose 2.1%.

Megaport (ASX:MP1)> also announced third quarter results today including slight growth across the company?s top and bottom lines.

Megaport investors weren?t impressed by the news, with shares falling 16% today so far.