PDS Biotechnology, Pulmonx, Tesla And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded lower, with the Nasdaq Composite dropping around 50 points on Tuesday. Here are some big stocks recording losses in today’s session.

• SoundHound AI, Inc. SOUN shares dipped 19% to $1.43 after climbing around 72% on Friday.
• Inter & Co, Inc. INTR dropped 17.7% to $1.9501.
• Mammoth Energy Services, Inc. TUSK fell 17.3% to $7.15.
• Valens Semiconductor Ltd. VLN declined 17% to $4.4800.
• PDS Biotechnology Corporation PDSB fell 15.3% to $11.18. PDS Biotech announced exclusive global license agreement for investigational IL-12 tumor-targeted cytokine from Merck KGaA, Darmstadt, Germany.
• Arqit Quantum Inc. ARQQ dropped 11.9% to $3.18.
• Verona Pharma plc VRNA declined 11.1% to $23.22.
• Pulmonx Corporation LUNG fell 11% to $7.50. B of A Securities downgraded Pulmonx from Neutral to Underperform and announced an $8 price target.
• Natura &Co Holding S.A. NTCO dropped 10.6% to $3.87.
• Korea Electric Power Corporation KEP shares fell 10.4% to $7.74.
• Tesla, Inc. TSLA fell 10.3% to $110.54 after the company reported fourth-quarter deliveries that came in below market estimates. The company delivered more than 405,278 cars in the fourth quarter, and produced over 439,000. This represented a 31.33% year-over-year rise and a 17.87% sequential growth. The consensus estimate for Q4 deliveries compiled by Tesla’s investor relations was 417,957 units.
• Petróleo Brasileiro S.A. – Petrobras PBR fell 9.2% to $9.68.
• Tidewater Inc. TDW declined 8.6% to $33.62.
• Cano Health, Inc. CANO dropped 8.3% to $1.2550.
• Nu Holdings Ltd. NU fell 8.2% to $3.7392.
• Olink Holding AB (publ) OLK fell 8% to $23.34.
• Enviva Inc. EVA dropped 7.4% to $49.04.

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