RCL - Hot Stocks: GM drops on Cruise departure; travel rebounds; M&A lifts EPAY CERN; FRPT earnings

Wall Street's recent volatility continued on Friday, with the major averages coming under pressure heading into the weekend. General Motors (NYSE:GM) was among the high-profile decliners, driven lower by the sudden departure of the head of its self-driving car unit. Freshpet (NASDAQ:FRPT) also posted a notable slide, as earnings news dragged the stock to a fresh 52-week low. Meanwhile, travel stocks were able to swim against the general weakness on Wall Street, as investors bet the recent Omicron-related selling had gone too far. The move included a rebound in cruise stocks, with gains in Royal Caribbean (NYSE:RCL), Norwegian Cruise Line Holdings (NYSE:NCLH) and Carnival (NYSE:CCL). Airlines also benefitted, resulting in advances from American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL) and United Airlines (NASDAQ:UAL). Merger deals (both real and potential) garnered significant attention as well. Bottomline Technologies (NASDAQ:EPAY) jumped on a $2.6B agreement to be taken private, while reports of takeover

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Hot Stocks: GM drops on Cruise departure; travel rebounds; M&A lifts EPAY, CERN; FRPT earnings