HOOD - Hot Stocks: Oil stocks rebound; HOOD reaches post-IPO low; RRD gets new bid; KRYS doubles; FENC plunges
Monday saw a substantial rebound following the Omicron-related sell-off that took place going into the weekend. The recovery included the oil sector, with Devon Energy (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), APA Corp. (NASDAQ:APA) and Baker Hughes (NYSE:BKR) all posted gains on the session. Drug development news represented a crucial catalyst during the day. Pandemic-related names stole much of the spotlight, but the trend also included names beyond the COVID front. For instance, Krystal Biotech (NASDAQ:KRYS) more than doubled on strong clinical data for its VYJUVEKTM drug. Meanwhile, Fennec Pharmaceuticals (NASDAQ:FENC) plunged 50% after regulators found problems at a manufacturing facility for its Pedmark product. In other news, R. R. Donnelley (NYSE:RRD) jumped to new a high after receiving yet another offer in a mounting bidding war for the company. Elsewhere, Robinhood (NASDAQ:HOOD) extended its recent downturn, establishing a new post-IPO low. Sector In Focus Last Friday, news that the Omicron variant
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Hot Stocks: Oil stocks rebound; HOOD reaches post-IPO low; RRD gets new bid; KRYS doubles; FENC plunges