U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 70 points on Tuesday. Here are some big stocks recording losses in today’s session.
- Vanda Pharmaceuticals Inc. VNDA fell 23% to $8.31.
- The Lion Electric Company LEV declined 14.5% to $2.2810. Lion Electric reported pricing of 19,685,040 unit offering at $2.54 per unit.
- Aerovate Therapeutics, Inc. AVTE dropped 11.5% to $27.00. Aerovate Therapeutics, last month, posted a Q3 loss of $0.56 per share.
- Nikola Corporation NKLA dipped 11.5% to $2.0699.
- Silvergate Capital Corporation SI fell 11.5% to $18.80. JP Morgan maintained Silvergate Capital with an Overweight and lowered the price target from $50 to $30.
- Meta Materials Inc. MMAT declined 9.4% to $1.3406.
- Latham Group, Inc. SWIM dropped 9.2% to $2.95 after Stifel initiated coverage on the stock with a Hold rating and a $3 price target.
- Pacira BioSciences, Inc. PCRX fell 9.1% to $41.37 after the company reported preliminary net product sales of $57.5 million for November. EXPAREL net product sales fell slightly year over year.
- Satixfy Communications Ltd. SATX tumbled 9% to $13.89.
- Bright Health Group, Inc. BHG fell 8.7% to $0.7950. Bright Health Group received continued listing standard notice from NYSE. Goldman Sachs downgraded Bright Health from Neutral to Sell.
- JetBlue Airways Corporation JBLU dropped 8.6% to $7.03 as the company said it expects Q4 revenue per ASM at the low end of its guidance range.
- Kymera Therapeutics, Inc. KYMR fell 8.6% to $25.58.
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