UAA - Hot Stocks: CSCO falls on earnings; UAA drops as CEO leaves; Clean energy rally; SIGA KRO rise
Stocks finished a choppy session with further losses on Thursday, extending the steep decline that took place the previous day. The major averages flirted with positive territory in late trading but ultimately finished with modest losses. Clean energy stocks bucked the overall negative trend in the market. Boosted by an initiative in Europe to accelerate non-fossil fuel energy sources, stocks like Maxeon Solar Technologies (MAXN), Enphase Energy (ENPH), Solaredge Technologies (SEDG) and SunPower (SPWR) all finished higher. SIGA Technologies (SIGA) represented another standout gainer. The stock posted a double-digit percentage gain after achieving a regulatory milestone. Meanwhile, Kronos Worldwide (KRO) extended its recent gains to set a new 52-week high, spurred higher by a positive analyst comment. On the other side of the spectrum, the release of financial figures prompted a sharp decline in Cisco (NASDAQ:CSCO). Meanwhile, Under Armour (UAA)(UA) dropped to a new low on a major leadership change.
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Hot Stocks: CSCO falls on earnings; UAA drops as CEO leaves; Clean energy rally; SIGA, KRO rise