ResMed, Coinbase Global, Nvidia And Other Big Stocks Moving Lower On Monday


U.S. stocks were mixed, with the Dow Jones index gaining around 300 points on Monday.

Shares of ResMed Inc. RMD fell sharply during Monday's session following sleep apnea data from Lilly.

Citigroup analyst Mathieu Chevrier downgraded ResMed from Buy to Neutral.

ResMed shares dipped 10.4% to $184.35 on Monday.

Here are some other big stocks recording gains in today’s session.

  • Molecular Partners AG MOLN shares dipped 22.6% to $7.43.
  • Cryoport, Inc. CYRX fell 19.9% to $7.77. Cryoport announced a strategic partnership with Minaris Regenerative Medicine for cell and gene therapies advancement.
  • BridgeBio Pharma, Inc. BBIO dipped 19.2% to $22.11.
  • BitFuFu Inc. FUFU fell 17.7% to $5.11. Shares of crypto stocks traded lower after Bitcon fell below $62,000.
  • Inspire Medical Systems, Inc. INSP declined 15% to $136.88. Stifel analyst Jonathan Block maintained Inspire Medical Systems with a Hold and lowered the price target from $210 to $170.
  • Ginkgo Bioworks Holdings, Inc. DNA fell 13% to $0.3661.
  • MicroStrategy Incorporated MSTR dipped 10.3% to $1,328.74 after Bitcon fell below $62,000.
  • Paymentus Holdings, Inc. PAY fell 9.3% to $16.97.
  • Super Micro Computer, Inc. SMCI fell 8.5% to $827.94.
  • Sirius XM Holdings Inc. SIRI fell 8% to $2.6950. Evercore ISI Group upgraded the stock from Underperform to In-Line but lowered its price target from $4.25 to $3.25.
  • Coinbase Global, Inc. COIN dipped 7.7% to $208.51 after the price of Bitcoin fell below $62,000.
  • NVIDIA Corporation NVDA fell 5.8% to $119.11. The stock may be pulling back after recent momentum.

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