JetBlue Airways, Pacira BioSciences And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 70 points on Tuesday. Here are some big stocks recording losses in today’s session.

• Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) fell 23% to $8.31.
• The Lion Electric Company (NYSE: LEV) declined 14.5% to $2.2810. Lion Electric reported pricing of 19,685,040 unit offering at $2.54 per unit.
• Aerovate Therapeutics, Inc. (NASDAQ: AVTE) dropped 11.5% to $27.00. Aerovate Therapeutics, last month, posted a Q3 loss of $0.56 per share.
• Nikola Corporation (NASDAQ: NKLA) dipped 11.5% to $2.0699.
• Silvergate Capital Corporation (NYSE: SI) fell 11.5% to $18.80. JP Morgan maintained Silvergate Capital with an Overweight and lowered the price target from $50 to $30.
• Meta Materials Inc. (NASDAQ: MMAT) declined 9.4% to $1.3406.
• Latham Group, Inc. (NASDAQ: SWIM) dropped 9.2% to $2.95 after Stifel initiated coverage on the stock with a Hold rating and a $3 price target.
• Pacira BioSciences, Inc. (NASDAQ: PCRX) fell 9.1% to $41.37 after the company reported preliminary net product sales of $57.5 million for November. EXPAREL net product sales fell slightly year over year.
• Satixfy Communications Ltd. (NYSE: SATX) tumbled 9% to $13.89.
• Bright Health Group, Inc. (NYSE: BHG) fell 8.7% to $0.7950. Bright Health Group received continued listing standard notice from NYSE. Goldman Sachs downgraded Bright Health from Neutral to Sell.
• JetBlue Airways Corporation (NASDAQ: JBLU) dropped 8.6% to $7.03 as the company said it expects Q4 revenue per ASM at the low end of its guidance range.
• Kymera Therapeutics, Inc. (NASDAQ: KYMR) fell 8.6% to $25.58.

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