RIVN - Hot Stocks: SEV IPO; RACE rallies; ATVI scandal continues; SAVA probe; oil and gas stocks fall

Electric vehicles remained a central talking point among Wall Street traders on Wednesday. This came as Sono Motors (NASDAQ:SEV) spiked more than 150% in its debut as a public company, taking the spotlight from last week's darling, Rivian Automotive (NASDAQ:RIVN). Elsewhere, Ferrari (NYSE:RACE) might not immediately jump to mind when the subject of EVs comes up, but Morgan Stanley is bullish on the firm's electric future. An optimistic note sent RACE to a fresh 52-week high. Outside of EVs, Cassava Sciences (NASDAQ:SAVA) represented one of the day's standout losers. The stock lost nearly a quarter of its value on reports of a probe into the way it presented data for its Alzheimer's drug candidate. Speaking of scandals, Activision (NASDAQ:ATVI) extended its recent losses to set a fresh 52-week low as headlines continued to flow concerning the allegations of sexual misconduct at the firm. Meanwhile, oil and gas producers came under

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Hot Stocks: SEV IPO; RACE rallies; ATVI scandal continues; SAVA probe; oil and gas stocks fall