ABSI - Hot Stocks: COIN vs. SEC; PYPL purchase; ABSI falls on earnings; GIS rises on forecast; COTY prices offering

Coinbase (NASDAQ:COIN) represented one of the biggest topics of conversation on Wall Street during midday action on Wednesday. Shares dipped following a dispute with regulators over its Lend product. PayPal (NASDAQ:PYPL) also took its share of the spotlight. A multi-billion purchase weighed on shares of the payment processing giant. The pricing of a stock offering sparked selling in Coty (NYSE:COTY). Meanwhile, Absci (NASDAQ:ABSI) posted a double-digit percentage loss in the wake of a disappointing quarterly report. Looking at one of the day's notable gainers, General Mills (NYSE:GIS) advanced after it provided an optimistic forecast for fiscal 2022. Coinbase (COIN) hit a speedbump Wednesday after the company butted heads with the Securities and Exchange Commission. The cryptocurrency trading platform received word that the SEC was considering a lawsuit over the firm's Lend product. Prompted by news of the possible litigation, CEO Brian Armstrong issued a lengthy Twitter response, in which he

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Hot Stocks: COIN vs. SEC; PYPL purchase; ABSI falls on earnings; GIS rises on forecast; COTY prices offering