U.S. stocks traded higher, with the Dow Jones gaining around 300 points on Friday. Here are some big stocks recording gains in today’s session.
- Immunocore Holdings plc (NASDAQ:IMCR) shares fell 17.7% to $47.28 after the company presented its Phase 1 data for TCR therapy targeting PRAME.
- Mullen Automotive, Inc. (NASDAQ:MULN) dipped 13% to $0.5301. Mullen Automotive recently acquired a controlling interest in EV truck innovator Bollinger Motors Inc.
- Alector, Inc. (NASDAQ:ALEC) fell 12.5% to $9.62 after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $27 to $13.
- TPI Composites, Inc. (NASDAQ:TPIC) declined 12.2% to $16.56.
- ZeroFox Holdings, Inc. (NASDAQ:ZFOX) fell 9.3% to $3.52.
- CF Acquisition Corp. VI (NASDAQ:CFVI) fell 7.8% to $11.31. DA Davidson initiated coverage on CF Acquisition with a Buy rating and announced a price target of $12.
- Virgin Galactic Holdings, Inc. (NYSE:SPCE) fell 7.1% to $5.84 after Bernstein downgraded the stock from Market Perform to Underperform.
- Nutex Health, Inc. (NASDAQ:NUTX) dropped 7.1% to $2.77.
- Enphase Energy, Inc. (NASDAQ:ENPH) fell 6.1% to $297.99 after Guggeheim downgraded the stock from Buy to Neutral.
- Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declined 6% to $12.63 after the company reported worse-than-expected Q1 EPS and sales results.
- Zumiez Inc. (NASDAQ:ZUMZ) shares fell 4.3% to $25.40 after the company reported weaker-than-expected sales for its second quarter and also issued Q3 sales guidance below analyst estimates.
- American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) dropped 4.2% to $9.46. B of A Securities downgraded American Axle from Buy to Neutral and lowered the price target from $16 to $13.
