Ten firms mirrored a wider market pessimism on Monday, with investor sentiment dragged down by President Donald Trump’s tariff letters to various countries.
Wall Street’s main indices all finished in the red, led by the Dow Jones with 0.94 percent, followed by the Nasdaq with 0.92 percent, and the S&P 500 at 0.79 percent.
In this article, we name the 10 worst performers on Monday and detail the reasons behind their drop.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)
Recursion Pharmaceuticals dropped its share prices by 6.45 percent on Monday to close at $4.93 apiece as investors appeared to have booked profits following four straight days of gains.
In recent news, the company unveiled Boltz-2, touted as the next-generation AI model to predict binding affinity.
According to Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), the new model is powered by its NVIDIA supercomputer for its training and validation and represents the next step beyond existing biomolecular structure prediction models like AlphaFold3 and its predecessor, Boltz-1.
“Selecting the right molecules early is one of the most fundamental challenges in drug discovery, with implications for whether R&D programs succeed or fail,” said Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) Chief Commercial Officer Najat Khan.
“By predicting both molecular structure and binding affinity simultaneously with unprecedented speed and scale, Boltz-2 gives R&D teams a powerful tool to triage more effectively and focus resources on the most promising compounds. Collaborations like this, bridging academic innovation and industry application, play an important role in advancing the field and, ultimately, improving how we develop and deliver medicines for patients,” she added.
9. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company snapped two straight days of gains on Monday, declining by 6.47 percent to end at $6.65 apiece as investors turned cautious about the International Seabed Authority’s (ISA) resumption of talks on controversies surrounding deep-sea mining.
This followed President Donald Trump’s order in April this year to fast-track permits for deep-sea mining even beyond US waters, taking advantage of its non-membership to the organization.
Even with Canada’s membership in the organization, TMC the metals company Inc. (NASDAQ:TMC), a Canadian firm, immediately submitted its first offshore license application, bypassing the ISA.
In recent news, TMC the metals company Inc. (NASDAQ:TMC) earned an “outperform” rating from Wedbush and an $11 price target, a significant upgrade from its “neutral” stance and $6 price target previously.
According to Wedbush, the upgrade was based on a stronger US government from President Donald Trump’s executive order in April, “Unleashing America’s Offshore Critical Minerals and Resources,” which could allow TMC the metals company Inc. (NASDAQ:TMC) to bypass the UN-affiliated International Seabed Authority and ramp up production in the Clarion Clipperton Zone.
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