Chefs' Warehouse, Chart Industries And Some Other Big Stocks Moving Lower On Thursday

Author: Lisa Levin | December 08, 2022 12:04pm

U.S. stocks traded higher, with the Dow Jones jumping over 200 points on Thursday. Here are some big stocks recording losses in today’s session.

• Design Therapeutics, Inc. (NASDAQ:DSGN) shares dipped 41.1% to $7.47 after the company reported data from its single-ascending dose trial of DT-216 for the treatment of Friedreich ataxia and portfolio progress.
• Cano Health, Inc. (NYSE:CANO) tumbled 18% to $1.3957 following a report suggesting Third Point has sold its stake in the company.
• Chart Industries, Inc. (NYSE:GTLS) fell 10.8% to $120.29. Chart Industries reported proposed public offerings of $600 million of common stock and $300 million of depositary shares.
• Revolution Medicines, Inc. (NASDAQ:RVMD) declined 9.4% to $21.87. Revolution Medicines announced that Sanofi has terminated global SHP2 development and commercialization collaboration.
• The Chefs' Warehouse, Inc. (NASDAQ:CHEF) dropped 9.4% to $33.76 after the company announced an offering of $250 million of convertible senior notes due 2028.
• Meta Materials Inc. (NASDAQ:MMAT) fell 9.2% to $1.8608.
• Mirati Therapeutics, Inc. (NASDAQ:MRTX) fell 9.1% to $45.06. JP Morgan and BMO Capital downgraded the stock.
• Cutera, Inc. (NASDAQ:CUTR) fell 8.9% to $45.24 after the company announced pricing of an offering of $100 million of convertible senior notes.
• New Found Gold Corp. (NYSE:NFGC) dropped 8.7% to $4.1250.
• COMPASS Pathways plc (NASDAQ:CMPS) fell 8.4% to $9.99.
• Mercer International Inc. (NASDAQ:MERC) dropped 8.3% to $12.45 after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $17 to $14.
• Lincoln National Corporation (NYSE:LNC) dropped 7.8% to $32.52.

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Posted In: CANO CHEF CMPS CUTR DSGN GTLS LNC MERC MMAT MRTX NFGC RVMD