Ericsson, Johnson & Johnson, Goldman Sachs And Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded lower, with the Dow Jones dropping over 100 points on Tuesday. Here are some big stocks recording losses in today’s session.

• Relay Therapeutics, Inc. RLAY fell 11.5% to $16.12.
• Merus N.V. MRUS dropped 10.8% to $21.35.
• FiscalNote Holdings, Inc. NOTE declined 10.3% to $2.42.
• Alignment Healthcare, Inc. ALHC dropped 9.4% to $5.98.
• San Juan Basin Royalty Trust SJT fell 8.8% to $9.45.
• BioCryst Pharmaceuticals, Inc. BCRX dropped 8.6% to $7.38. BioCryst refinanced existing debt with $450 million financing commitment from Pharmakon.
• Solid Power, Inc. SLDP fell 8.4% to $2.50.
• Karyopharm Therapeutics Inc. KPTI dropped 7.6% to $4.24.
• Telefonaktiebolaget LM Ericsson (publ) ERIC fell 7.2% to $5.49 after the company reported Q1 financial results. The company also announced CFO Carl Mellander will step down at the end of the Q1 2024.
• Novavax, Inc. NVAX dropped 6.4% to $8.85.
• CBL International Limited BANL dropped 6.1% to $16.90.
• Johnson & Johnson JNJ fell 2.3% to $161.84. Johnson & Johnson reported better-than-expected Q1 results, raised its 2023 guidance and increased its quarterly dividend.
• The Goldman Sachs Group, Inc. GS dropped 2.2% to $332.37 after the company reported mixed Q1 financial results.

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