U.S. stocks traded lower, with the Nasdaq Composite dropping around 50 points on Tuesday. Here are some big stocks recording losses in today’s session.
- SoundHound AI, Inc. (NASDAQ:SOUN) shares dipped 19% to $1.43 after climbing around 72% on Friday.
- Inter & Co, Inc. (NASDAQ:INTR) dropped 17.7% to $1.9501.
- Mammoth Energy Services, Inc. (NASDAQ:TUSK) fell 17.3% to $7.15.
- Valens Semiconductor Ltd. (NYSE:VLN) declined 17% to $4.4800.
- PDS Biotechnology Corporation (NASDAQ:PDSB) fell 15.3% to $11.18. PDS Biotech announced exclusive global license agreement for investigational IL-12 tumor-targeted cytokine from Merck KGaA, Darmstadt, Germany.
- Arqit Quantum Inc. (NASDAQ:ARQQ) dropped 11.9% to $3.18.
- Verona Pharma plc (NASDAQ:VRNA) declined 11.1% to $23.22.
- Pulmonx Corporation (NASDAQ:LUNG) fell 11% to $7.50. B of A Securities downgraded Pulmonx from Neutral to Underperform and announced an $8 price target.
- Natura &Co Holding S.A. (NYSE:NTCO) dropped 10.6% to $3.87.
- Korea Electric Power Corporation (NYSE:KEP) shares fell 10.4% to $7.74.
- Tesla, Inc. (NASDAQ:TSLA) fell 10.3% to $110.54 after the company reported fourth-quarter deliveries that came in below market estimates. The company delivered more than 405,278 cars in the fourth quarter, and produced over 439,000. This represented a 31.33% year-over-year rise and a 17.87% sequential growth. The consensus estimate for Q4 deliveries compiled by Tesla’s investor relations was 417,957 units.
- Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) fell 9.2% to $9.68.
- Tidewater Inc. (NYSE:TDW) declined 8.6% to $33.62.
- Cano Health, Inc. (NYSE:CANO) dropped 8.3% to $1.2550.
- Nu Holdings Ltd. (NYSE:NU) fell 8.2% to $3.7392.
- Olink Holding AB (publ) (NASDAQ:OLK) fell 8% to $23.34.
- Enviva Inc. (NYSE:EVA) dropped 7.4% to $49.04.
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