CWH - Hot Stock: PL drops on earnings; ACAD jumps on regulatory hopes; SAFM sets new high; CWH hits 52-week low

Wall Street received a boost from the Federal Reserve on Wednesday, regaining some of the losses it has posted lately. The rally came as the Fed hiked rates by 75 basis points and left open the possibility of a similar increase at its next meeting. Acadia Pharmaceuticals (NASDAQ:ACAD) was among the standout gainers on the session. The stock posted a double-digit percentage climb on hopes that the firm will receive regulatory approval to expand the use of its antipsychotic drug to Alzheimer’s patients. Elsewhere, Sanderson Farms (SAFM) rallied to a new 52-week high after an analyst said the poultry producer had upside potential as a standalone company. Turning to the downside, Planet Labs (PL) dropped on earnings news. At the same time, Camping World (CWH) extended recent losses to establish a new 52-week low. Standout Gainer Acadia Pharmaceuticals (ACAD) rallied nearly 16% after U.S. regulators published details related to an

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Hot Stock: PL drops on earnings; ACAD jumps on regulatory hopes; SAFM sets new high; CWH hits 52-week low