COIN - Hot Stocks: Crypto rally; BMBL jumps; SFIX hits low; VYGR sets high; NTRA short call
Hope that the Russia-Ukraine conflict might see a negotiated end prompted a massive rally in the stock market on Wednesday. Bouncing back after losses earlier in the week, the Nasdaq climbed 3.6% and the S&P 500 posted a gain of 2.6%. Cryptocurrencies also pushed higher, helped by the release of an executive order about the industry from President Joe Biden. Fueled by the general crypto strength, Marathon Digital (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT), Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) all posted substantial advances. Elsewhere in the market, Bumble (NASDAQ:BMBL) represented another standout gainer. A reassuring earnings report allowed the stock to recover some of its recent losses. Meanwhile, Voyager Therapeutics (NASDAQ:VYGR) added to the previous day's massive climb with another major step higher. The follow-through rally, which came in the wake of a major licensing deal, took the stock to a 52-week high. On the other side of the ledger, Natera (NASDAQ:NTRA)
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Hot Stocks: Crypto rally; BMBL jumps; SFIX hits low; VYGR sets high; NTRA short call