EPAM Systems, Amyris, Blueprint Medicines And Other Big Stocks Moving Lower On Monday

Benzinga·06/05/2023 15:30:30

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U.S. stocks traded mixed, with the Dow Jones dropping around 100 points on Monday. Here are some big stocks recording losses in today’s session.

Castle Biosciences, Inc. (NASDAQ:CSTL) shares dipped 48% to $11.80. Baird, SVB Securities and Lake Street lowered their price targets on the stock.
EPAM Systems, Inc. (NASDAQ:EPAM) dropped 17.7% to $213.50 after the company cut its second-quarter financial outlook.
Amyris, Inc. (NASDAQ:AMRS) fell 16.2% to $0.7885. Amyris initiated strategic transformation program and secured funding to deliver the company's planned cost reduction target of approximately $250 million from cost of goods sold.
Comtech Telecommunications Corp. (NASDAQ:CMTL) declined 13.7% to $10.64.
DMC Global Inc. (NASDAQ:BOOM) dropped 13.6% to $15.65.
SunCar Technology Group Inc. (NASDAQ:SDA) fell 13.2% to $20.22.
Gannett Co., Inc. (NYSE:GCI) dropped 12.7% to $1.9650.
Zumiez Inc. (NASDAQ:ZUMZ) fell 11.1% to $13.76. Zumiez recently posted a wider-than-expected quarterly loss.
IGM Biosciences, Inc. (NASDAQ:IGMS) dipped 10.9% to $12.11. Wedbush reiterated IGM Biosciences with an Outperform and maintained a $37 price target.
Endava plc (NYSE:DAVA) fell 10.8% to $45.97. Needham reiterated Endava with a Buy and maintained a $68 price target.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) declined 10.6% to $8.77.
Stitch Fix, Inc. (NASDAQ:SFIX) dropped 10.3% to $3.5250.
8x8, Inc. (NASDAQ:EGHT) fell 9.5% to $3.80. 8x8 appointed Samuel Wilson as CEO.
Metals Acquisition Corp (NASDAQ:MTAL) declined 8.9% to $10.38.
Cipher Mining Inc. (NASDAQ:CIFR) fell 8.7% to $2.3550.
Globant SA (NYSE:GLOB) slipped 8.6% to $172.32.
CPI Card Group Inc. (NASDAQ:PMTS) fell 8% to $25.13. CPI Card Group said President and CEO Scott Scheirman will retire in 2024 effective Feb. 28, 2024.
Enovix Corporation (NASDAQ:ENVX) dropped 7.7% to $13.16.
Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) fell 7.7% to $2.5350.
Blueprint Medicines Corporation (NASDAQ:BPMC) dipped 6.8% to $54.24. SVB Leerink downgraded Blueprint Medicines from Market Perform to Underperform and lowered the price target from $48 to $43.
PetMed Express, Inc. (NASDAQ:PETS) dropped 5.5% to $14.79.

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