EPAM Systems, Amyris, Blueprint Medicines And Other Big Stocks Moving Lower On Monday

U.S. stocks traded mixed, with the Dow Jones dropping around 100 points on Monday. Here are some big stocks recording losses in today’s session.

• Castle Biosciences, Inc. CSTL shares dipped 48% to $11.80. Baird, SVB Securities and Lake Street lowered their price targets on the stock.
• EPAM Systems, Inc. EPAM dropped 17.7% to $213.50 after the company cut its second-quarter financial outlook.
• Amyris, Inc. AMRS fell 16.2% to $0.7885. Amyris initiated strategic transformation program and secured funding to deliver the company's planned cost reduction target of approximately $250 million from cost of goods sold.
• Comtech Telecommunications Corp. CMTL declined 13.7% to $10.64.
• DMC Global Inc. BOOM dropped 13.6% to $15.65.
• SunCar Technology Group Inc. SDA fell 13.2% to $20.22.
• Gannett Co., Inc. GCI dropped 12.7% to $1.9650.
• Zumiez Inc. ZUMZ fell 11.1% to $13.76. Zumiez recently posted a wider-than-expected quarterly loss.
• IGM Biosciences, Inc. IGMS dipped 10.9% to $12.11. Wedbush reiterated IGM Biosciences with an Outperform and maintained a $37 price target.
• Endava plc DAVA fell 10.8% to $45.97. Needham reiterated Endava with a Buy and maintained a $68 price target.
• Grid Dynamics Holdings, Inc. GDYN declined 10.6% to $8.77.
• Stitch Fix, Inc. SFIX dropped 10.3% to $3.5250.
• 8x8, Inc. EGHT fell 9.5% to $3.80. 8x8 appointed Samuel Wilson as CEO.
• Metals Acquisition Corp MTAL declined 8.9% to $10.38.
• Cipher Mining Inc. CIFR fell 8.7% to $2.3550.
• Globant SA GLOB slipped 8.6% to $172.32.
• CPI Card Group Inc. PMTS fell 8% to $25.13. CPI Card Group said President and CEO Scott Scheirman will retire in 2024 effective Feb. 28, 2024.
• Enovix Corporation ENVX dropped 7.7% to $13.16.
• Lexicon Pharmaceuticals, Inc. LXRX fell 7.7% to $2.5350.
• Blueprint Medicines Corporation BPMC dipped 6.8% to $54.24. SVB Leerink downgraded Blueprint Medicines from Market Perform to Underperform and lowered the price target from $48 to $43.
• PetMed Express, Inc. PETS dropped 5.5% to $14.79.

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