--- title: "Midday Movers: Moderna Plunges 23%, Walmart Sinks 9% as Crypto Stocks Surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/296525832.md" description: "Moderna tumbled over 23% leading pharma declines, Walmart shed more than 9%, while crypto-linked stocks rallied broadly with MARA surging over 12%. Chinese ADRs saw sharp divergence." datetime: "2026-08-20T18:23:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296525832.md) - [en](https://longbridge.com/en/news/296525832.md) - [zh-HK](https://longbridge.com/zh-HK/news/296525832.md) generator: "portal-rs" --- # Midday Movers: Moderna Plunges 23%, Walmart Sinks 9% as Crypto Stocks Surge A wave of sharp moves swept through heavyweight US stocks in midday trading on August 20. **Moderna** plunged over **23%** to lead the pharmaceutical sector lower, while **Walmart** tumbled more than **9%** weighing on consumer names. On the flip side, cryptocurrency-linked stocks rallied across the board with **MARA** surging over **12%**, and Chinese ADRs showed a dramatic split between winners and losers. On the macro front, the Fed's July minutes struck a hawkish tone, and initial jobless claims came in below expectations, reigniting rate-hike concerns. **Pharma Sector Deeply Divided as Moderna Crashes 23%+** As of the latest update, **Moderna (MRNA)** tumbled **23.49%** to **$133.43** on volume exceeding **77.21 million** shares, among the most actively traded large-cap names. Meanwhile, **Biovie (BIVI)** surged **41.42%** to **$1.90**, and **Iovance Biotherapeutics (IOVA)** climbed **10.84%** to **$8.86**. The pharma sector saw a stark internal divergence, with large-cap drugmakers under heavy pressure while small and mid-cap biotech names attracted inflows. **Walmart Tumbles Over 9%, Dragging Consumer Stocks** **Walmart (WMT)** dropped **9.29%** to **$103.69** with **58.73 million** shares traded. As a heavyweight in the retail sector, Walmart's sharp pullback created a significant drag on consumer-related names. **Ford Motor (F)** fell **3.54%** to **$13.99**, while **Ambev (ABEV)** slipped **1.60%**. **Crypto-Linked Stocks Rally Broadly, MARA Jumps Over 12%** **Mara Holdings (MARA)** surged **12.28%** to **$10.84** on volume of **57.18 million** shares. **BTC Digital (BTCT)** skyrocketed **77.48%** to **$1.49**, **Bit Digital (BTBT)** gained **14.64%** to **$1.61**, **Strategy (MSTR)** advanced **6.86%** to **$111.41**, and **HIVE Digital (HIVE)** rose **8.56%** to **$3.06**. The crypto sector's collective surge made it one of the brightest spots in the session. **Chinese ADRs See Stark Divergence: JZ Soars 58%, LGCL Plunges 31%+** **Jianzhi Edu Tech (JZ)** skyrocketed **58.24%** to **$2.69**, while **Huize (HUIZ)** jumped **32.88%** to **$1.94**. On the downside, **Lucas GC (LGCL)** cratered **31.51%** to **$0.09**, and **Founder (FGL)** fell **21.42%** to **$0.29**. In corporate news, **Alibaba** disclosed that annualized revenue from AI-related products reached **RMB 49.5 billion**, marking triple-digit growth for **12 consecutive quarters**, while cloud revenue grew **45%** year-on-year and its Pingtouge self-developed chips have entered large-scale commercial deployment. **NetEase** reported Q2 revenue of **RMB 30.1 billion**, up **8%** year-on-year, though net profit fell **21%** due to a **RMB 3 billion** unrealized loss on equity holdings including Pinduoduo. Elsewhere, **Nvidia (NVDA)** edged down **0.36%** to **$216.78**, while **Super Micro Computer (SMCI)** was roughly flat at **$36.57**. SMCI completed an independent investigation into export compliance, finding no evidence that executives were aware of transshipment plans or direct sales to restricted parties. **Alphabet's Waymo** announced its self-developed autonomous driving chip has entered mass production, built on TSMC's **5-nanometer** process with computing power exceeding **1,000 TOPS**, rivaling Nvidia's latest systems. On the macro front, the Fed's July minutes revealed **three members** voted in favor of an immediate **25-basis-point** rate hike, warning that further tightening would be necessary if inflation does not recede. Meanwhile, initial jobless claims unexpectedly fell to **206,000**, undershooting market expectations and signaling persistent labor market resilience. ### Related Stocks - [MRNA.US](https://longbridge.com/en/quote/MRNA.US.md) - [WMT.US](https://longbridge.com/en/quote/WMT.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [BTCT.US](https://longbridge.com/en/quote/BTCT.US.md) - [BTBT.US](https://longbridge.com/en/quote/BTBT.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [JZ.US](https://longbridge.com/en/quote/JZ.US.md) - [HUIZ.US](https://longbridge.com/en/quote/HUIZ.US.md) - [LGCL.US](https://longbridge.com/en/quote/LGCL.US.md) - [BIVI.US](https://longbridge.com/en/quote/BIVI.US.md) - [IOVA.US](https://longbridge.com/en/quote/IOVA.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) ## Related News & Research - [Moderna stock soars on cancer vaccine success](https://longbridge.com/en/news/296405393.md) - [WMT Stock Slides as Walmart Same-Store Sales Disappoint](https://longbridge.com/en/news/296524455.md) - [Walmart strong again in second quarter, but its outlook is reserved](https://longbridge.com/en/news/296480956.md) - [Walmart stock is having its worst day in years. Here’s what’s to blame.](https://longbridge.com/en/news/296515907.md) - [Walmart Q2 Earnings Will Put Its 54-Year Dividend Streak to the Test](https://longbridge.com/en/news/296259139.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**