Coherus BioSciences, MicroVision, Millicom And Other Big Stocks Moving Lower On Friday

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

• Coherus BioSciences, Inc. CHRS tumbled 16.8% to $4.48. Coherus BioSciences agreed to acquire
• Surface Oncology Inc SURF, a clinical-stage immuno-oncology (I-O) company developing next-generation immunotherapies that target the tumor microenvironment.
• ATI Physical Therapy, Inc. ATIP dipped 13.5% to $8.83. ATI Physical Therapy completed transaction support agreement to increase liquidity and financial flexibility.
• Chijet Motor Company, Inc. CJET fell 10.7% to $3.0201.
• Cabot Corporation CBT declined 10.4% to $66.83 after the company disclosed the impact of the current demand environment on its business segments.
• MicroVision, Inc. MVIS shares dropped 9.4% to $4.5750. Microvision said it entered into sales agreement with Craig-Hallum Capital Group relating to sale of up to $45 million of company’s common stock.
• SoFi Technologies, Inc. SOFI dropped 9.4% to $8.65 after Piper Sandler downgraded the stock from Overweight to Neutral and raised its price target from $6.5 to $8. B of A Securities also downgraded the stock from Buy to Neutral.
• Olema Pharmaceuticals, Inc. OLMA dropped 9% to $8.26.
• Kingsoft Cloud Holdings Limited KC fell 8.4% to $6.23.
• Hesai Group HSAI fell 7.7% to $10.35.
• ZoomInfo Technologies Inc. ZI fell 7.5% to $26.27.
• Integral Ad Science Holding Corp. IAS dropped 7% to $17.83.
• LexinFintech Holdings Ltd. LX fell 5.8% to $2.3850.
• Millicom International Cellular S.A. TIGO fell 5.4% to $16.53 after the company announced termination of discussions of a potential transaction with Apollo and Claure Group.
• RPC, Inc RES fell 4% to $7.49. Citigroup downgraded RPC from Neutral to Sell and lowered the price target from $8.25 to $7.

Read More: US Stocks Mixed; Dow Gains 50 Points