Kindly MD (NAKA) said late Tuesday that it is launching an at-the-market equity program to sell up to $5 billion shares.

Shares sank 22%, with intraday trading volume of over 2.2 million against a daily average of about 670,000.

Morgan Stanley cut its price target for Paramount Skydance (PSKY) to $10 from $12 while keeping its underweight rating.

Shares fell 5.7%, with intraday trading volume of more than 5.4 million against a daily average of roughly 15.7 million.

BofA Securities downgraded SBA Communications (SBAC) to neutral from buy.

Shares slid 3.7%, with intraday trading volume of over 532,000 versus a daily average of about 743,000.

Price: 6.25, Change: -1.82, Percent Change: -22.55