PROG - Hot Stocks: Agriculture stocks fall; IGMS surges; PROG NEO plunge; CUTR sets high
The optimism on Wall Street continued during Tuesday's session, as the Nasdaq led the major U.S. equity indices higher yet again. As a result, the S&P 500 recorded its first close above 4,600 since mid-January. While the overall market pushed higher, in part on hopeful signs out of peace negotiations between Russia and Ukraine, agriculture stocks lost ground. The prospect of a near-term end to the conflict could take pressure off of food supplies, sending agricultural commodities lower. As a result, stocks like Mosaic (NYSE:MOS), CF Industries (CF) and Archer Daniels Midland (ADM) posted declines. Elsewhere, disappointing results sent Progenity (PROG) reeling. At the same time, a weak forecast and a major leadership change weighed on shares of NeoGenomics (NEO), which lost almost a third of its value and set a fresh 52-week low. Looking to some of the day's standout winners, IGM Biosciences (IGMS) almost doubled in value following
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Hot Stocks: Agriculture stocks fall; IGMS surges; PROG, NEO plunge; CUTR sets high