LCID - Hot Stocks: LCID's PIPE nightmare; Oil-related stocks suffer; PVH hits high; MESO drops again; PLAN rallies
The S&P 500 and the Nasdaq managed to eke out thin gains on Wednesday despite weakness in certain parts of the oil-production and refining sectors. Devon Energy (NYSE:DVN), Marathon Oil (NYSE:MRO), Valero Energy (NYSE:VLO) and APA Corp. (NASDAQ:APA) all showed weakness during the session amid OPEC+ news and continued worries about the post-Ida landscape. Elsewhere, another SPAC stock dropped following the expiration of a PIPE lock-up. Lucid Group (NASDAQ:LCID) suffered a double-digit percentage loss on the day. Mesoblast (NASDAQ:MESO) was another standout loser on the session. Shares extended a recent slide and hit a new 52-week low, as the market continued to react to news that another clinical trial would be necessary for a drug to treat respiratory problems in COVID patients. Turning to some of the day's biggest gainers, Anaplan (NYSE:PLAN) rallied on its latest earnings figures. Meanwhile, a strong quarterly report also inspired gains in PVH Corp. (NYSE:PVH),
For further details see:
Hot Stocks: LCID's PIPE nightmare; Oil-related stocks suffer; PVH hits high; MESO drops again; PLAN rallies