Why is Liquidia stock cratering today?

Recent market activity shows divergent trends among several companies. Sagimet Biosciences is experiencing a stock rally today, indicating positive momentum. In contrast, Rafael is seeing its stock crash, while Liquidia is witnessing its stock crater. Additionally, Peoples Bancorp is reporting a slide in its stock value. These movements reflect a volatile trading session where Sagimet Biosciences gains ground while Rafael, Liquidia, and Peoples Bancorp face significant downward pressure across their respective equity valuations today.