Why is usar down

The stock price of Sarepta Therapeutics (SRPT) has experienced a significant decline, which can be attributed to a combination of factors:

1. **FDA Rejection**: The FDA had requested that Sarepta Therapeutics voluntarily stop all shipments of Elevidys, its therapy for Duchenne muscular dystrophy, citing the deaths of three patients who had taken Elevidys or a similar drug from liver failure. This led to a significant setback for the company, as Elevidys was the first approved treatment for Duchenne muscular dystrophy.
2. **Company's Response**: Sarepta Therapeutics initially refused to comply with the FDA's request, which led to a legal showdown with the FDA. However, the company eventually agreed to pause all shipments of Elevidys, which further impacted investor confidence in the company.
3. **Market Sentiment**: The FDA's rejection and Sarepta Therapeutics' response created uncertainty in the market, leading to a significant drop in the company's stock price. This negative sentiment was compounded by reports of investment bank Cantor Fitzgerald downgrading Sarepta Therapeutics' stock, which further contributed to the decline in the stock price.

In summary, the decline in Sarepta Therapeutics' stock price is a result of a combination of factors including FDA rejection, the company's response to the FDA, and the resulting negative market sentiment.

U.S. Stocks Market Closing Price
|code|stock code|stock name|Last Price|Last Change|Closing Price[20250723]|market_code|
|---|---|---|---|---|---|---|
|BRK.A|BRK.A.N|Berkshire Hathaway A|723120|1.176701|723120|169|
|NVR|NVR.N|NVR|7899.84|-0.12238399999999999|7899.84|169|
|BKNG|BKNG.O|Booking Holdings|5736.32|-0.678899|5736.32|185|
|AZO|AZO.N|Autozone|3771.19|-0.066778|3771.19|169|
|SEB|SEB.A|Seaboard|3097.51|1.4107420000000002|3097.51|170|
|MELI|MELI.O|Mercadolibre|2394.43|0.407176|2394.43|185|
|FCNCA|FCNCA.O|First Citizens Bancshares|2158.23|1.112683|2158.23|185|
|MKL|MKL.N|Markel Group|2023.73|0.048943999999999994|2023.73|169|
|WTM|WTM.N|White Mountains Insurance Group|1788.21|-0.175287|1788.21|169|
|TDG|TDG.N|TransDigm Group|1597.75|1.6988530000000002|1597.75|169|