NGM Biopharmaceuticals, Fox Corporation And Some Other Big Stocks Moving Lower On Monday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Monday. Here are some big stocks recording losses in today’s session.

• NGM Biopharmaceuticals, Inc. (NASDAQ:NGM) shares dipped 73% to $3.11 after the company announced topline efficacy and safety results from its CATALINA Phase 2 trial of NGM621 for geographic atrophy (GA) secondary to age-related macular degeneration (AMD). Over 52 weeks of treatment, NGM621 administered every four weeks (Q4W) (n=108) and every eight weeks (Q8W) (n=104) demonstrated a GA lesion area reduction of 6.3% and 6.5%, respectively, compared to sham (n=106), which did not reach statistical significance in either arm.
• Missfresh Limited (NASDAQ:MF) tumbled 14.7% to $1.5598.
• Wave Life Sciences Ltd. (NYSE:WVE) fell 13.7% to $4.49.
• SoundHound AI, Inc. (NASDAQ:SOUN) dropped 11.6% to $3.4750.
• Cano Health, Inc. (NYSE:CANO) declined 9.9% to $7.41.
• Itaú Corpbanca (NYSE:ITCB) dropped 9% to $2.93.
• Executive Network Partnering Corporation (NYSE:ENPC) fell 8.2% to $9.19.
• SM Energy Company (NYSE:SM) fell 7.8% to $40.08.
• Fox Corporation (NASDAQ:FOX) fell 7% to $27.11 after the company said it formed a special committee to explore a potential combination with News Corporation.
• Harrow Health, Inc. (NASDAQ:HROW) dropped 6% to $11.34.