NGM Biopharmaceuticals, Fox Corporation And Some Other Big Stocks Moving Lower On Monday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Monday. Here are some big stocks recording losses in today’s session.

• NGM Biopharmaceuticals, Inc. NGM shares dipped 73% to $3.11 after the company announced topline efficacy and safety results from its CATALINA Phase 2 trial of NGM621 for geographic atrophy (GA) secondary to age-related macular degeneration (AMD). Over 52 weeks of treatment, NGM621 administered every four weeks (Q4W) (n=108) and every eight weeks (Q8W) (n=104) demonstrated a GA lesion area reduction of 6.3% and 6.5%, respectively, compared to sham (n=106), which did not reach statistical significance in either arm.
• Missfresh Limited MF tumbled 14.7% to $1.5598.
• Wave Life Sciences Ltd. WVE fell 13.7% to $4.49.
• SoundHound AI, Inc. SOUN dropped 11.6% to $3.4750.
• Cano Health, Inc. CANO declined 9.9% to $7.41.
• Itaú Corpbanca ITCB dropped 9% to $2.93.
• Executive Network Partnering Corporation ENPC fell 8.2% to $9.19.
• SM Energy Company SM fell 7.8% to $40.08.
• Fox Corporation FOX fell 7% to $27.11 after the company said it formed a special committee to explore a potential combination with News Corporation.
• Harrow Health, Inc. HROW dropped 6% to $11.34.