Ensysce Biosciences, AST SpaceMobile, IGM Biosciences And Other Big Stocks Moving Lower On Friday

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

• Gorilla Technology Group Inc. GRRR shares fell 66% to $4.0150.
• Ensysce Biosciences, Inc. ENSC tumbled 23.6% to $5.19. Ensysce Biosciences posted a Q4 loss of $1.52 per share.
• AST SpaceMobile, Inc. ASTS shares dropped 21.2% to $5.04 after the company posted a wider Q4 loss.
• Annovis Bio, Inc. ANVS fell 20.4% to $16.00. Annovis Bio received interim analysis for sample size re-estimation for its Phase 3 clinical trial for treatment of early Parkinson's disease.
• Disc Medicine Opco Inc IRON dropped 15% to $18.69 after the company reported full year 2022 financial results.
• Zura Bio Limited ZURA declined 14.4% to $13.55.
• Aehr Test Systems AEHR fell 12.5% to $32.56 following Q3 results.
• Nikola Corporation NKLA dipped 12.5% to $1.22 after the company announced pricing for a $100 million common stock offering.
• IGM Biosciences, Inc. IGMS dropped 12% to $14.98 after the company reported Q4 financial results.
• Target Hospitality Corp. TH fell 11.3% to $13.68. Northland Capital Markets maintained Target Hospitality with an Outperform and lowered the price target from $26 to $20.
• Arco Platform Limited ARCE dropped 9.7% to $11.17. Arco Platform posted Q4 revenue of R$679.3 million, up 47.4% year over year.
• TROOPS, Inc. TROO fell 7.7% to $3.23.
• Avidity Biosciences, Inc. RNA dropped 6.6% to $15.70. Avidity Biosciences announced its decision to conclude the Phase 1/2 MARINA trial with the 38 participants enrolled at 1mg ,2mg and 4mg/kg of AOC 1001 and not to move forward with the 8 mg/kg dose in DM1.
• Studio City International Holdings Limited MSC fell 5.8% to $6.31.
• Korea Electric Power Corporation KEP dropped 5.5% to $6.91.

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