STTK - US Stocks Mixed; Producer Prices Unchanged For November | Benzinga
U.S. stocks traded mixed this morning, following the release of PPI data on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.05% to 36,561.18 while the NASDAQ rose 0.42% to 14,594.61. The S&P 500 also rose, gaining, 0.14% to 4,650.04.
Check This Out: Jim Cramer Likes This Industrial Stock: 'It's Got A Terrific Aerospace Business'
Leading and Lagging Sectors
Information technology shares rose by 0.5% on Wednesday.
In trading on Wednesday, materials shares fell by 0.8%.
Top Headline
U.S. producer prices came in steady for November from October, versus a revised 0.4% decline in the prior period, and versus market estimates of a 0.1% rise,
Equities Trading UP
C4 Therapeutics, Inc. (NASDAQ: CCCC) shares shot up 44% to $3.3677 after the company announced data from the CFT7455 Phase 1 trial in relapsed/refractory multiple myeloma. Following the update, Stifel analyst Bradley Canino upgraded C4 Therapeutics from Hold to Buy and raised the price target from $2 to $12.
Shares of Shattuck Labs, Inc. (NASDAQ: STTK) got a boost, surging 131% to $4.88 after the company announced initial topline dose-expansion data ...