Stocks tumble as Iambic Therapeutics and TCGX Acquisition lead losses amid IPO and merger news.

On October 19, 2026, several stocks saw significant declines. Iambic Therapeutics dropped 31.4% but stayed just above its IPO price of $16 after raising $150 million. TCGX Acquisition fell 18.5% following its announcement of a merger with TriGemX Bio, expected to raise $246 million. Cable One's shares declined 14% due to a federal judge blocking its $480 million acquisition of Mega Broadband. Hudson Pacific Properties and Almonty Industries also fell, with Hudson Pacific selling assets to reduce debt and Almonty experiencing a drop despite no clear news. These moves highlight market reactions to corporate actions and legal challenges.

Almonty Industries currently holds a market cap of $2.84 billion and an enterprise value of $2.55 billion on Pluang as of Oct 20, 2026 04:11 WIB. Its shares are priced at USD 8.81, down 10.38% over the past day, reflecting continued volatility following recent declines. Trading volume stands at 6,006,728, with a typical hold time of 5 days among Pluang investors, indicating active but relatively short-term interest in the stock.