ON Semiconductor, Global Payments And Other Big Losers From Monday - Beam Therapeutics (NASDAQ:BEAM), Coinbase Global (NASDAQ:COIN)

U.S. stocks closed lower on Monday, with the Dow Jones dropping more than 100 points. Here is the list of some big stocks recording losses in the previous session.

  • Y-mAbs Therapeutics, Inc. YMAB shares tumbled 59.8% to close at $3.61 after the FDA Oncologic Drugs Advisory Committee voted Y-mAbs did not provide sufficient evidence to conclude its treatment improves overall survival.
  • TuSimple Holdings Inc. TSP declined 45.6% to close at $3.43 following a media report stating the company is being investigated over ties to a Chinese startup. TuSimple board terminated CEO, President, and Chief Technology Officer Dr. Xiaodi Hou from his position.
  • Instil Bio, Inc. TIL dropped 37.1% to close at $3.30 after the company voluntarily paused enrollment of its ongoing clinical trials.
  • Golden Sun Education Group Limited GSUN fell 18.6% to close at $21.16.
  • Waterdrop Inc. WDH dropped 12.2% to close at $1.30.
  • Beam Therapeutics Inc. BEAM fell 9.6% to close at $44.06.
  • ON Semiconductor Corporation ON declined 9% to close at $61.43 after the company reported Q3 financial results and issued Q4 guidance.
  • Global Payments Inc. GPN fell 8.8% to close at $114.26 following downbeat quarterly earnings.
  • Wolfspeed, Inc. WOLF dropped 8.3% to close at $78.75.
  • Arcus Biosciences, Inc. RCUS declined 8.2% to settle at $25.48.
  • Newell Brands Inc. NWL dropped 8.2% to close at $13.81. Barclays downgraded Newell Brands from Equal-Weight to Underweight and lowered the price target from $16 to $11.
  • Coinbase Global, Inc. COIN fell 8.1% to settle at $66.25.
  • DoorDash, Inc. DASH dipped 7.5% to close at $43.53.
  • RLX Technology Inc. RLX fell 7.4% to settle at $1.25.
  • Hanesbrands Inc. HBI dropped 5.3% to settle at $6.82 amid analysts at Wells Fargo downgrading their rating of the stock to Underweight and announcing a $5 price target.

Image and article originally from www.benzinga.com. Read the original article here.