Chefs' Warehouse, Chart Industries And Some Other Big Stocks Moving Lower On Thursday

Chefs' Warehouse, Chart Industries And Some Other Big Stocks Moving Lower On Thursday

U.S. stocks traded higher, with the Dow Jones jumping over 200 points on Thursday. Here are some big stocks recording losses in today’s session.

  • Design Therapeutics, Inc. DSGN shares dipped 41.1% to $7.47 after the company reported data from its single-ascending dose trial of DT-216 for the treatment of Friedreich ataxia and portfolio progress.
  • Cano Health, Inc. CANO tumbled 18% to $1.3957 following a report suggesting Third Point has sold its stake in the company.
  • Chart Industries, Inc. GTLS fell 10.8% to $120.29. Chart Industries reported proposed public offerings of $600 million of common stock and $300 million of depositary shares.
  • Revolution Medicines, Inc. RVMD declined 9.4% to $21.87. Revolution Medicines announced that Sanofi has terminated global SHP2 development and commercialization collaboration.
  • The Chefs' Warehouse, Inc. CHEF dropped 9.4% to $33.76 after the company announced an offering of $250 million of convertible senior notes due 2028.
  • Meta Materials Inc. MMAT fell 9.2% to $1.8608.
  • Mirati Therapeutics, Inc. MRTX fell 9.1% to $45.06. JP Morgan and BMO Capital downgraded the stock.
  • Cutera, Inc. CUTR fell 8.9% to $45.24 after the company announced pricing of an offering of $100 million of convertible senior notes.
  • New Found Gold Corp. NFGC dropped 8.7% to $4.1250.
  • COMPASS Pathways plc CMPS fell 8.4% to $9.99.
  • Mercer International Inc. MERC dropped 8.3% to $12.45 after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $17 to $14.
  • Lincoln National Corporation LNC dropped 7.8% to $32.52.

Check out this: Cramer On This Big US Bank: 'The Book Value Is So Different From Where The Common Stock Is'

Posted In: big losersFinancialsLife & Health InsuranceTop LosersNewsPenny StocksSmall CapIntraday UpdateMarketsMoversTrading Ideas