XLU - Hot Stocks: HLBZ gets PIPE bombed; utilities halt slide; DLTR rallies; FDS hits high; MQ sets post-IPO low
On a mixed performance for the broader average, the utility sector halted a nearly three-week losing streak to represent one of the day's biggest bright spots. This included gains in Sempra Energy (NYSE:SRE), Atmos Energy (NYSE:ATO) and Dominion (NYSE:D). Turning to individual stocks, Dollar Tree (NASDAQ:DLTR) recorded one of the day's standout performances. A pumped-up stock purchase program and a change in pricing strategy sparked a double-digit percentage advance. FactSet Research Systems (NYSE:FDS) continued its post-earnings strength. Shares rose for a second day, advancing to a new 52-week high. On the other end of the spectrum, Marqeta (NASDAQ:MQ) added to recent weakness to record its lowest close since coming public. Meanwhile, Helbiz (NASDAQ:HLBZ) lost nearly a third of its value after the end of its PIPE lockup. Sector In Focus Going into Wednesday's session, utilities had suffered a record losing streak. The S&P 500 Utilities Index (NYSEARCA:XLU) had finished lower
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Hot Stocks: HLBZ gets PIPE bombed; utilities halt slide; DLTR rallies; FDS hits high; MQ sets post-IPO low