Hasbro, Ascendis Pharma, Coinbase Global And Some Other Big Stocks Moving Lower On Monday

U.S. stocks traded mixed, with the Nasdaq gaining more than 50 points on Monday. Here are some big stocks recording losses in today’s session.

• POINT Biopharma Global Inc. PNT shares dipped 33% to $6.12. Lantheus and POINT Biopharma announced collaboration and exclusive license agreements for commercialization of PNT2002 & PNT2003.
• MorphoSys AG MOR shares tumbled 28.8% to $3.91. MorphoSys’ licensing partner Roche issued an update on Phase 3 GRADUATE program for Gantenerumab in early Alzheimer’s disease.
• Stoke Therapeutics, Inc. STOK declined 26% to $9.24 after the company reported a wider Q3 loss.
• Tremor International Ltd TRMR dropped 21.2% to $6.95 after gaining over 5% on Friday.
• 908 Devices Inc. MASS declined 19.2% to $12.93 as the company lowered its FY22 revenue forecast.
• Oatly Group AB OTLY dropped 18.2% to $2.0050 after the company reported worse-than-expected Q3 EPS and sales results.
• Lumos Pharma, Inc. LUMO dropped 16.5% to $7.44. Lumos Pharma posted a Q3 loss of $0.86 per share and disclosed interim results from two Phase 2 trials evaluating oral LUM-201 for moderate pediatric growth hormone deficiency.
• CareMax, Inc. CMAX fell 14.8% to $4.64. CareMax recently posted a Q3 loss of $0.25 per share.
• Alight, Inc. ALIT dropped 13.8% to $8.49 after the company announced a 20M share common stock offering.
• Carvana Co. CVNA dipped 13.8% to $10.24.
• Ascendis Pharma A/S ASND dropped 13.3% to $114.48. Ascendis Pharma announced positive topline results from the ACcomplisH Phase 2 trial of once-weekly TransCon CNP compared to a placebo in children with achondroplasia aged 2 to 10 years old.
• Altus Power, Inc. AMPS declined 12.2% to $7.50 following Q3 results.
• Algonquin Power & Utilities Corp. AQN fell 12% to $8.18. Algonquin Power & Utilities Corp reported worse-than-expected Q3 EPS. Several analysts downgraded the stock today.
• Transphorm, Inc. TGAN fell 11.7% to $6.22.
• 5E Advanced Materials Inc. FEAM dropped 9.9% to $11.32. 5E Advanced Materials, on Friday, reported Q1 results.
• CS Disco, Inc. LAW fell 9.6% to $9.35.
• Kura Sushi USA, Inc. KRUS fell 9.4% to $59.64. Kura Sushi USA recently reported Q4 financial results.
• NextDecade Corporation NEXT dipped 9.2% to $6.02
• Qurate Retail, Inc. QRTEA dropped 9.1% to $1.7450.
• Bed Bath & Beyond Inc. BBBY fell 8.9% to $3.5977. Bed Bath & Beyond reported additional privately negotiated senior notes exchanges and concurrent private placement of common stock with several institutional holders.
• Unisys Corporation UIS fell 8.4% to $4.6920.
• Hasbro, Inc. HAS dipped 8.3% to $58.13. B of A Securities downgraded Hasbro from Buy to Underperform and lowered the price target from $73 to $42.
• Coinbase Global, Inc. COIN fell 7.3% to $53.24. Goldman Sachs maintained Coinbase Global with a Sell and lowered the price target from $49 to $41.