PEAR - Hot Stocks: MFIN drops on SEC complaint; BABA considers WB sale; DAR acquisition; PEAR gets Buy rating

Medallion Financial (NASDAQ:MFIN) represented one of the standout decliners in Wednesday's midday trading. A regulatory action caused the stock to lose more than a quarter of its value. Alibaba (NYSE:BABA) also came under selling pressure in intraday action. The stock lost ground on news that it was considering a sale of its stake in Weibo (NASDAQ:WB). Looking at some of the day's notable gainers, a $1.1B acquisition prompted buying in Darling Ingredients (NYSE:DAR). Meanwhile, Pear Therapeutics (NASDAQ:PEAR) gained ground on a positive analyst comment. Decliners Medallion Financial (MFIN) dropped about 27% in midday trading after the U.S. Securities and Exchange Commission filed a complaint related to charges that the company took illegal steps to try to prop up its stock price. The SEC alleges that MFIN inappropriately attempted to place positive stories about the company in the financial press over a period of more than two years. Elsewhere in the

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Hot Stocks: MFIN drops on SEC complaint; BABA considers WB sale; DAR acquisition; PEAR gets Buy rating