HESM - Hot Stocks: NVDA concessions; HOV warning; X slashed to Sell; VYGR jumps on PFE deal; HESM stock offering

Worries about higher costs and supply chain issues weighed on a couple of high-profile stocks in Wednesday's midday trading. Hovnanian Enterprises (NYSE:HOV) fell following a warning, while U.S. Steel (NYSE:X) got pulled down by a downgrade from Goldman Sachs. Hess Midstream (NYSE:HESM) also suffered intraday weakness, as the pricing of a secondary offering dragged the stock lower. Nvidia (NASDAQ:NVDA) took a share of the spotlight during the intraday period. The company is reportedly offering concessions in order to get approval for its $54B merger with Arm Holdings (ARMHF). Meanwhile, Voyager Therapeutics (NASDAQ:VYGR) was one of the best performers in midday trading, with a licensing deal with Pfizer (NYSE:PFE) sending the stock higher by nearly 50%. Decliners Supply chain problems are taking their toll on Hovnanian Enterprises (HOV). The homebuilder slashed its fiscal Q4 forecast, blaming supply bottlenecks and other uncertainties. As a result, HOV dropped nearly 14% in intraday action.

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Hot Stocks: NVDA concessions; HOV warning; X slashed to Sell; VYGR jumps on PFE deal; HESM stock offering