Ensysce Biosciences, AST SpaceMobile, IGM Biosciences And Other Big Stocks Moving Lower On Friday

Author: Lisa Levin | March 31, 2023 11:28am

U.S. stocks traded higher, with the Dow Jones gaining more than 200 points on Friday. Here are some big stocks recording losses in today’s session.

• Gorilla Technology Group Inc. (NASDAQ:GRRR) shares fell 66% to $4.0150.
• Ensysce Biosciences, Inc. (NASDAQ:ENSC) tumbled 23.6% to $5.19. Ensysce Biosciences posted a Q4 loss of $1.52 per share.
• AST SpaceMobile, Inc. (NASDAQ:ASTS) shares dropped 21.2% to $5.04 after the company posted a wider Q4 loss.
• Annovis Bio, Inc. (NYSE:ANVS) fell 20.4% to $16.00. Annovis Bio received interim analysis for sample size re-estimation for its Phase 3 clinical trial for treatment of early Parkinson's disease.
• Disc Medicine Opco Inc (NASDAQ:IRON) dropped 15% to $18.69 after the company reported full year 2022 financial results.
• Zura Bio Limited (NASDAQ:ZURA) declined 14.4% to $13.55.
• Aehr Test Systems (NASDAQ:AEHR) fell 12.5% to $32.56 following Q3 results.
• Nikola Corporation (NASDAQ:NKLA) dipped 12.5% to $1.22 after the company announced pricing for a $100 million common stock offering.
• IGM Biosciences, Inc. (NASDAQ:IGMS) dropped 12% to $14.98 after the company reported Q4 financial results.
• Target Hospitality Corp. (NASDAQ:TH) fell 11.3% to $13.68. Northland Capital Markets maintained Target Hospitality with an Outperform and lowered the price target from $26 to $20.
• Arco Platform Limited (NASDAQ:ARCE) dropped 9.7% to $11.17. Arco Platform posted Q4 revenue of R$679.3 million, up 47.4% year over year.
• TROOPS, Inc. (NASDAQ:TROO) fell 7.7% to $3.23.
• Avidity Biosciences, Inc. (NASDAQ:RNA) dropped 6.6% to $15.70. Avidity Biosciences announced its decision to conclude the Phase 1/2 MARINA trial with the 38 participants enrolled at 1mg ,2mg and 4mg/kg of AOC 1001 and not to move forward with the 8 mg/kg dose in DM1.
• Studio City International Holdings Limited (NYSE:MSC) fell 5.8% to $6.31.
• Korea Electric Power Corporation (NYSE:KEP) dropped 5.5% to $6.91.

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Posted In: AEHR ANVS ARCE ASTS ENSC GRRR IGMS IRON KEP MSC NKLA RNA TH TROO ZURA