OXY - Hot Stocks: Energy stocks rally; YOU jumps on earnings; MANT takeover deal; CMRX drops 60%; VALN hits low
Wall Street finished with a mixed performance on Monday, as the major averages wound their way through another uncertain session. The S&P 500 and Nasdaq lost ground, while the Dow posted a fractional gain. While most market segments ended the day lower, the energy sector remained a source of strength throughout the session. Higher prices for oil and gasoline prompted notable gains in names like Occidental Petroleum (OXY), Halliburton (HAL), Chevron (CVX), ConocoPhillips (COP) and APA Corp (APA). Clear Secure (YOU) represented another standout gainer, driven higher by strong earnings news. Meanwhile, ManTech International (NASDAQ:MANT) broke to a new intraday 52-week high on a deal to be acquired. Looking at some of the day's standout decliners, Chimerix (CMRX) lost three-fifths of its value after revealing massive changes in its drug development strategy. Elsewhere in the sector, Valneva (VALN) plunged to a new 52-week low after losing a deal in Europe.
For further details see:
Hot Stocks: Energy stocks rally; YOU jumps on earnings; MANT takeover deal; CMRX drops 60%; VALN hits low