SPT - Hot Stocks: Hotels/airlines slip on COVID worries; BYSI skyrockets; ZY plunges; SPT sets new high; MRCY hits fresh low

COVID concerns claimed more victims on Wednesday. Hospitality and airline stocks lost ground during the session as worries about renewed pandemic restrictions weighed on those sectors. The retreat impacted stocks like Hyatt Hotels (NYSE:H), Marriott International (NASDAQ:MAR), Spirit Airlines (NYSE:SAVE), Delta Air Lines (NYSE:DAL) and Southwest Airlines (NYSE:LUV). Elsewhere, standout losers for the session included Zymergen (NASDAQ:ZY), which suffered a tremendous sell-off following news that the company no longer expects product revenues for 2021. Mercury Systems (NASDAQ:MRCY) also plunged following the release of its quarterly update. That took the stock to a new 52-week low. On the other hand, BeyondSpring (NASDAQ:BYSI) was one of the big gainers on Wednesday. Shares more than doubled in value on positive clinical data concerning a lung-cancer treatment. Sprout Social (NASDAQ:SPT) also gave investors a positive surprise with its quarterly results. The report sparked a double-digit advance in the stock, allowing it to set a

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Hot Stocks: Hotels/airlines slip on COVID worries; BYSI skyrockets; ZY plunges; SPT sets new high; MRCY hits fresh low