U.S. stocks traded higher, with the Dow Jones index gaining around 150 points on Tuesday.
Shares of bluebird bio, Inc. BLUE shares fell sharply during Tuesday’s session after the company announced a proposed public offering of $150 million of common stock.
bluebird bio shares dipped 14.2% to $2.6180 on Tuesday.
Here are some other big stocks recording losses in today’s session.
- CureVac N.V. CVAC shares fell 35.7% to $3.7384. CureVac announced decision of German Federal Patent Court in broad patent litigation with BioNTech SE.
- Shengfeng Development Limited SFWL fell 32.4% to $3.24.
- Invivyd, Inc. IVVD tumbled 16.4% to $3.00. Morgan Stanley upgraded Invivyd from Underweight to Equal-Weight and raised the price target from $1 to $4.
- Diversified Energy Co PLC DEC fell 12% to $15.77.
- Vertex Energy, Inc. VTNR fell 10% to $3.2750. Stifel downgraded Vertex Energy from Buy to Hold and lowered the price target from $6 to $4.
- uniQure N.V. QURE shares declined 9.8% to $7.20 after announcing updated interim data on Phase I/II clinical trials of AMT-130 gene therapy for the treatment of Huntington's disease.
- TFF Pharmaceuticals, Inc. TFFP fell 5.5% to $3.78. TFF Pharmaceuticals announced initial data from its ongoing Phase 2 trials of TFF VORI and TFF TAC, along with clinical data from the ongoing TFF VORI expanded access program.
- Lyft, Inc. LYFT fell 3.8% to $15.04.
- Array Technologies, Inc. ARRY fell 3.5% to $18.32. Piper Sandler downgraded Array Technologies from Overweight to Neutral and lowered the price target from $26 to $22.
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