U.S. stocks traded higher, with the Dow Jones jumping more than 200 points on Monday. Here are some big stocks recording losses in today’s session.
- Affimed N.V.. AFMD shares dipped 39.2% to $1.24 after the company announced topline data from its Phase 2 REDIRECT study of AFM13 monotherapy in patients with advanced-stage relapsed/refractory peripheral T cell lymphoma.
- Adicet Bio, Inc. ACET shares declined 37.2% to $10.85 after the company announced safety and efficacy data from its ongoing Phase 1 study of ADI-001 for the potential treatment of relapsed or refractory B-cell NHL.
- Satixfy Communications Ltd. SATX fell 23.4% to $15.15.
- Karyopharm Therapeutics Inc. KPTI declined 21% to $3.68. Karyopharm announced presentation of updated Phase 1 selinexor data in patients with treatment-naïve myelofibrosis at ASH 2022.
- HUYA Inc. HUYA dropped 16.3% to $2.9050. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- TAL Education Group TAL fell 16% to $5.55.
- Baozun Inc. BZUN dropped 15.3% to $4.91. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- DouYu International Holdings Limited DOYU fell 14.9% to $1.2850. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- Fate Therapeutics, Inc. FATE dropped 14.6% to $16.10. GT Biopharma and Fate Therapeutics presented preclinical data highlighting novel dual antigen targeting approach for the treatment of AML at ASH 2022.
- Dada Nexus Limited DADA dropped 14% to $6.34. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- Kura Oncology Inc KURA dropped 13.7% to $13.04. Kura Oncology presented updated clinical data from KOMET-001 trial of menin inhibitor ziftomenib at American Society Of Hematology Annual Meeting.
- UpHealth, Inc. UPH fell 13.5% to $2.1180.
- Lufax Holding Ltd LU declined 13.4% to $1.9909. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- Hello Group Inc. MOMO dropped 13.2% to $7.75.
- Bilibili Inc – ADR BILI dropped 12.2% to $22.32. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- Abcam PLC ABCM dropped 11.5% to $13.74.
- Erasca Inc ERAS fell 11.3% to $5.04. Erasca recently priced a 15,384,616 share offering at $6.50 per share.
- Allogene Therapeutics Inc ALLO dropped 11.3% to $7.77 after B of A Securities downgraded the stock from Buy to Underperform and announced a $9 price target.
- IQIYI Inc – ADR IQ fell 10.8% to $3.28. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
- OneConnect Financial Technology OCFT dropped 10.1% to $6.96.
- RH RH fell 8.1% to $252.15 after Goldman Sachs downgraded the stock from Neutral to Sell.
- Community Health Systems Inc CYH dipped 7.8% to $3.30.
- Tencent Music Entertainment Group – ADR TME fell 6.5% to $7.66. Shares of Chinese companies traded lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
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