CPOP - Hot Stocks: A bummer for cannabis stocks; CPLG for sale; GKOS reimbursements; JEF gets investment; CPOP keeps falling
naphtalina/iStock via Getty Images Federal Reserve Chairman Jerome Powell may have dominated headlines throughout Wednesday's session. But Wall Street still saw a few standout performances that had little to do with monetary policy or inflation. CorePoint Lodging (CPLG), for example, posted one of the day's biggest gains, boosted by word that the company could be considering a possible sale. Meanwhile, Glaukos (GKOS) dropped sharply on news of a change in Medicare/Medicaid reimbursement rates. Amid a focus on financial earnings, Jefferies Financial (JEF) quietly set a new 52-week high after it signed a key strategic partnership that included the sale of an equity stake. On the other end of the spectrum, Pop Culture Group (CPOP) marked another post-IPO loss for a Chinese company, falling sharply and setting its lowest closing mark since going public. The cannabis sector took a hit on Wednesday - in the bad way, that is. The slide
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Hot Stocks: A bummer for cannabis stocks; CPLG for sale; GKOS reimbursements; JEF gets investment; CPOP keeps falling