Freeport-McMoRan, Harmony Biosciences, Cohu, And Other Big Stocks Moving Lower On Wednesday
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U.S. stocks fell on Wednesday, with the Dow Jones dropping over 150 points. Freeport-McMoRan Inc. shares plummeted 16.4% to $37.94 after issuing disappointing third-quarter sales guidance and reporting fatalities from a mine incident. Other notable declines included Zhengye Biotechnology (-28.2%), Harmony Biosciences (-14.6%), and Cohu, Inc. (-12.7%). Harmony's stock fell after its clinical trial for ZYN002 failed to meet primary endpoints, prompting a price target cut by Needham. Overall, several stocks experienced significant losses during the trading session.
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