BioNTech, Coinbase Global, Pharming Group And Other Big Stocks Moving Lower On Monday

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

  • Near Intelligence, Inc. NIR shares tumbled 25.5% to $9.07.
  • Pharming Group N.V. PHAR dipped 18.9% to $12.31. The FDA approved Pharming Group’s Joenja (leniolisib) for activated phosphoinositide 3-kinase delta (PI3Kδ) syndrome (APDS) in adult and pediatric patients 12 years of age and older.
  • YS Biopharma Co., Ltd. YS fell 10.6% to $4.2819 after the company reported interim Phase 2 safety and immunogenicity data for its PIKA recombinant Covid-19 vaccine.
  • ARS Pharmaceuticals, Inc. SPRY dropped 10.5% to $6.79. ARS Pharmaceuticals recently posted a FY22 loss of $0.87 per share.
  • Ribbon Communications Inc. RBBN declined 10% to $3.3750.
  • Vigil Neuroscience, Inc. VIGL fell 9.8% to $11.01. Morgan Stanley maintained Vigil Neuroscience with an Equal-Weight and raised the price target from $12 to $13.
  • Frontier Communications Parent, Inc. FYBR declined 9.1% to $21.42. Frontier partnered with YouTube TV to deliver internet & tv experience. Morgan Stanley downgraded Frontier Communications from Equal-Weight to Underweight and lowered the price target from $23 to $19.
  • Cipher Mining Inc. CIFR fell 8.4% to $1.96.
  • Loop Media, Inc. LPTV dropped 8.3% to $5.03.
  • PepGen Inc. PEPG dipped 8.1% to $14.00. PopGen recently reported Q4 and full year 2022 financial results.
  • Manchester United plc MANU fell 7.7% to $22.09. Manchester United received a fresh overnight bid from Qatari Sheikh Jassim Bin Hamad Al Thani, who had requested a deadline extension on Wednesday, according to Sky News.
  • Innoviz Technologies Ltd. INVZ dropped 6.6% to $3.18.
  • Coinbase Global, Inc. COIN fell 6.6% to $63.32 after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $86 to $70.
  • Youdao, Inc. DAO fell 6.3% to $8.05.
  • Aldeyra Therapeutics, Inc. ALDX dropped 5.7% to $8.52.
  • BioNTech SE BNTX fell 4.1% to $122.89 after the company said Q4 EPS and sales results were lower year over year.

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