Greenbrier, Fate Therapeutics, AnaptysBio And Some Other Big Stocks Moving Lower On Friday

U.S. stocks traded higher, with the Dow Jones gaining more than 500 points on Friday. Here are some big stocks recording losses in today’s session.

• Fate Therapeutics, Inc. FATE shares tumbled 62.2% to $4.16 after the company announced termination of its collaboration agreement with Janssen, pipeline prioritization, next-generation programs and key 2023 initiatives.
• Atai Life Sciences N.V. ATAI declined 41.3% to $1.5450 after the company announced Perception Neuroscience's Phase 2a clinical trial did not meet its primary endpoint.
• AnaptysBio, Inc. ANAB dropped 28.8% to $21.49 after the company announced portfolio update across best-in-class immune cell modulating antibodies. Raymond James downgraded AnaptysBio from Outperform to Market Perform.
• AMTD Digital Inc. HKD shares declined 24.5% to $22.54 after surging around 200% on Thursday.
• Bed Bath & Beyond Inc. BBBY dropped 16.9% to $1.4050 after dropping around 30% on Thursday. The company said it will miss its 10-Q filing deadline for the quarter ending Nov 26, 2022 and has also concluded that there is substantial doubt about its ability to continue as a going concern.
• XPeng Inc. XPEV fell 15% to $10.11.
• The Greenbrier Companies, Inc. GBX fell 14% to $30.00 after the company reported Q1 earnings results and issued guidance.
• Niu Technologies NIU dropped 13.8% to $5.23. Niu Technologies posted Q4 sales of 138,279 units.
• iQIYI, Inc. IQ fell 13.4% to $5.93.
• Kura Sushi USA, Inc. KRUS dropped 13% to $42.11 after the company reported worse-than-expected Q1 EPS and sales results.
• Gorilla Technology Group Inc. GRRR fell 12.6% to $8.55.
• Astec Industries, Inc. ASTE dropped 10.7% to $37.31 after the company announced CEO transition.
• Waters Corporation WAT declined 9.9% to $312.79. SVB Leerink maintained Waters with a Market Perform and raised the price target from $320 to $352.
• NIO Inc. NIO dropped 9.6% to $9.81. Shares of several Chinese-made EV companies traded lower following Tesla's decision to lower its Made-In-China vehicle prices in reaction to softness in demand and competitive pressure.
• Silvergate Capital Corporation SI dropped 9.5% to $11.37 after multiple firms downgraded the stock and lowered their respective price target.
• AMTD IDEA Group AMTD fell 8.6% to $1.9198 after climbing 28% on Thursday.

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