EW - Hot Stocks: Medical device stocks fall; ALLG surges 100%+; WGO hits low; VICR plunges; AIR sets high

Following a rally that took the major averages to their highest levels since mid-February, Wall Street took a breather on Wednesday, with stocks posting modest declines on the session. The S&P 500 retreated about 1.2%. Medical device companies were among the stocks that saw pullbacks during the day. Worries about supply chain restraints weighed on shares of ResMed (RMD), Edwards Lifesciences (EW), Stryker (SYK), Boston Scientific (BSX) and Medtronic (MDT). Among individual stocks, Vicor (VICR) was one of the standout decliners on the session. The stock lost a fifth of its value on signs that it might lose business from its biggest customer. Winnebago (WGO) also suffered a major sell-off, posting a double-digit percentage loss amid concerns about its margins. On the other side of the ledger, meme stocks managed to post standout gains on the session. This included Allego (NYSE:ALLG), which more than doubled in value amid a rush

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Hot Stocks: Medical device stocks fall; ALLG surges 100%+; WGO hits low; VICR plunges; AIR sets high