Ford Motor, AT&T, Frontier Communications And Other Big Stocks Moving Lower On Monday

U.S. stocks traded higher, with the Dow Jones gaining over 50 points on Monday. Here are some big stocks recording losses in today’s session.

• Apellis Pharmaceuticals, Inc. APLS shares declined 21.2% to $66.62.
• Chijet Motor Company, Inc. CJET shares plunged 18.7% to $3.4550. Chijet Motor Company recently announced its majority-owned subsidiary completed the first shipment of automobile orders to Peru through its newly developed export operation at Tianjin Port, China.
• Frontier Communications Parent, Inc. FYBR shares tumbled 12.8% to $12.47. Citigroup downgraded Frontier Communications from Buy to Neutral and lowered the price target from $30 to $17.
• TMC the metals company Inc. TMC fell 10% to $1.9450.
• Puyi Inc. PUYI shares dipped 8.2% to $5.60.
• Consolidated Communications Holdings, Inc. CNSL declined 8.1% to $3.53.
• Farfetch Limited FTCH fell 8% to $5.76.
• Intchains Group Limited ICG shares declined 7.1% to $6.68.
• Altice USA, Inc. ATUS fell 6% to $2.86. Altice USA named CEO Dennis Mathew as Chairman.
• Nikola Corporation NKLA fell 6% to $2.1150. The stock is falling, potentially amid ongoing profit-taking, after rallying some 43% over the trailing five sessions.
• CommScope Holding Company, Inc. COMM shares declined 6% to $5.10.
• YETI Holdings, Inc. YETI shares fell 5.3% to $40.35. Keybanc downgraded YETI Holdings from Sector Weight to Underweight and announced a $34 price target.
• Leslie's, Inc. LESL fell 5% to $6.36. Jefferies downgraded Leslies from Buy to Hold and lowered the price target from $15 to $7.
• Ford Motor Company F shares slipped 4.6% to $14.30 after the company announced price cuts for all versions of its electric F-150 Lightning pickup.
• AT&T Inc. T shares fell 4.2% to $13.89 after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $22 to $16. Also, BMO Capital lowered its price target from $33 to $29.

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