WEBR - Hot Stocks: Macau gambling woes; FCEL earnings; CROX hits high; WEBR sets low; RDHL drops on clinical data
While state governments in the U.S. have largely loosened restrictions on gambling in recent years, there are reports that Macau might be taking the opposite approach. Speculation of stepped-up oversight in that Chinese market sent Wynn Resorts (NASDAQ:WYNN), Melco Resorts & Entertainment (NASDAQ:MLCO) and Las Vegas Sands (NYSE:LVS) all reeling on Tuesday. Looking at some of the other notable decliners on the session, RedHill Biopharma (NASDAQ:RDHL) lost nearly a third of its value following the release of disappointing clinical trial data. Recent IPOs Traeger (NYSE:COOK) and Weber Inc. (NYSE:WEBR) also suffered declines. WEBR set a new closing low on the session, while COOK narrowly avoided a similar fate. There were some bright spots on Tuesday. FuelCell Energy (NASDAQ:FCEL) posted one of the day's best performances after the release of its quarterly results. In addition, a well-received investor day sent Crocs (NASDAQ:CROX) to a fresh 52-week high. Sector In Focus The
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Hot Stocks: Macau gambling woes; FCEL earnings; CROX hits high; WEBR sets low; RDHL drops on clinical data