U.S. stocks were mixed, with the Dow Jones index gaining around 300 points on Monday.
Shares of ResMed Inc. (NYSE:RMD) fell sharply during Monday's session following sleep apnea data from Lilly.
Citigroup analyst Mathieu Chevrier downgraded ResMed from Buy to Neutral.
ResMed shares dipped 10.4% to $184.35 on Monday.
Here are some other big stocks recording gains in today's session.
- Molecular Partners AG (NASDAQ:MOLN) shares dipped 22.6% to $7.43.
- Cryoport, Inc. (NASDAQ:CYRX) fell 19.9% to $7.77. Cryoport announced a strategic partnership with Minaris Regenerative Medicine for cell and gene therapies advancement.
- BridgeBio Pharma, Inc. (NASDAQ:BBIO) dipped 19.2% to $22.11.
- BitFuFu Inc. (NASDAQ:FUFU) fell 17.7% to $5.11. Shares of crypto stocks traded lower after Bitcon fell below $62,000.
- Inspire Medical Systems, Inc. (NYSE:INSP) declined 15% to $136.88. Stifel analyst Jonathan Block maintained Inspire Medical Systems with a Hold and lowered the price target from $210 to $170.
- Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) fell 13% to $0.3661.
- MicroStrategy Incorporated (NASDAQ:MSTR) dipped 10.3% to $1,328.74 after Bitcon fell below $62,000.
- Paymentus Holdings, Inc. (NYSE:PAY) fell 9.3% to $16.97.
- Super Micro Computer, Inc. (NASDAQ:SMCI) fell 8.5% to $827.94.
- Sirius XM Holdings Inc. (NASDAQ:SIRI) fell 8% to $2.6950. Evercore ISI Group upgraded the stock from Underperform to In-Line but lowered its price target from $4.25 to $3.25.
- Coinbase Global, Inc. (NASDAQ:COIN) dipped 7.7% to $208.51 after the price of Bitcoin fell below $62,000.
- NVIDIA Corporation (NASDAQ:NVDA) fell 5.8% to $119.11. The stock may be pulling back after recent momentum.
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