U.S. stocks traded mixed, with the Nasdaq gaining more than 50 points on Monday. Here are some big stocks recording losses in today’s session.
- POINT Biopharma Global Inc. (NASDAQ:PNT) shares dipped 33% to $6.12. Lantheus and POINT Biopharma announced collaboration and exclusive license agreements for commercialization of PNT2002 & PNT2003.
- MorphoSys AG (NASDAQ:MOR) shares tumbled 28.8% to $3.91. MorphoSys’ licensing partner Roche issued an update on Phase 3 GRADUATE program for Gantenerumab in early Alzheimer’s disease.
- Stoke Therapeutics, Inc. (NASDAQ:STOK) declined 26% to $9.24 after the company reported a wider Q3 loss.
- Tremor International Ltd (NASDAQ:TRMR) dropped 21.2% to $6.95 after gaining over 5% on Friday.
- 908 Devices Inc. (NASDAQ:MASS) declined 19.2% to $12.93 as the company lowered its FY22 revenue forecast.
- Oatly Group AB (NASDAQ:OTLY) dropped 18.2% to $2.0050 after the company reported worse-than-expected Q3 EPS and sales results.
- Lumos Pharma, Inc. (NASDAQ:LUMO) dropped 16.5% to $7.44. Lumos Pharma posted a Q3 loss of $0.86 per share and disclosed interim results from two Phase 2 trials evaluating oral LUM-201 for moderate pediatric growth hormone deficiency.
- CareMax, Inc. (NASDAQ:CMAX) fell 14.8% to $4.64. CareMax recently posted a Q3 loss of $0.25 per share.
- Alight, Inc. (NYSE:ALIT) dropped 13.8% to $8.49 after the company announced a 20M share common stock offering.
- Carvana Co. (NYSE:CVNA) dipped 13.8% to $10.24.
- Ascendis Pharma A/S (NASDAQ:ASND) dropped 13.3% to $114.48. Ascendis Pharma announced positive topline results from the ACcomplisH Phase 2 trial of once-weekly TransCon CNP compared to a placebo in children with achondroplasia aged 2 to 10 years old.
- Altus Power, Inc. (NYSE:AMPS) declined 12.2% to $7.50 following Q3 results.
- Algonquin Power & Utilities Corp. (NYSE:AQN) fell 12% to $8.18. Algonquin Power & Utilities Corp reported worse-than-expected Q3 EPS. Several analysts downgraded the stock today.
- Transphorm, Inc. (NASDAQ:TGAN) fell 11.7% to $6.22.
- 5E Advanced Materials Inc. (NASDAQ:FEAM) dropped 9.9% to $11.32. 5E Advanced Materials, on Friday, reported Q1 results.
- CS Disco, Inc. (NYSE:LAW) fell 9.6% to $9.35.
- Kura Sushi USA, Inc. (NASDAQ:KRUS) fell 9.4% to $59.64. Kura Sushi USA recently reported Q4 financial results.
- NextDecade Corporation (NASDAQ:NEXT) dipped 9.2% to $6.02
- Qurate Retail, Inc. (NASDAQ:QRTEA) dropped 9.1% to $1.7450.
- Bed Bath & Beyond Inc. (NASDAQ:BBBY) fell 8.9% to $3.5977. Bed Bath & Beyond reported additional privately negotiated senior notes exchanges and concurrent private placement of common stock with several institutional holders.
- Unisys Corporation (NYSE:UIS) fell 8.4% to $4.6920.
- Hasbro, Inc. (NASDAQ:HAS) dipped 8.3% to $58.13. B of A Securities downgraded Hasbro from Buy to Underperform and lowered the price target from $73 to $42.
- Coinbase Global, Inc. (NASDAQ:COIN) fell 7.3% to $53.24. Goldman Sachs maintained Coinbase Global with a Sell and lowered the price target from $49 to $41.
