CIT - Hot Stocks: VSCO buyback; CALM earnings; CALX MTRX move on S&P reshuffling; QDEL testing
Stock buybacks and index changes made waves during Wednesday's pre-market trading. Victoria’s Secret (NYSE:VSCO) was among the high-profile winners, rallying on an accelerated stock repurchase agreement. Calix (NYSE:CALX) was another standout gainer, thanks to its upcoming inclusion in the S&P MidCap 400 index. Reshuffling in an S&P index had the opposite impact on Matrix Service (NASDAQ:MTRX), which plunged on news that it would be kicked out of the S&P SmallCap 600. Checking in on COVID news, Quidel (NASDAQ:QDEL) drew a bid during pre-market action on confirmation that its test was able to detect the Omicron strain of the virus. Earnings news played a role in pre-market trading as well. Cal-Maine Foods (NASDAQ:CALM) tumbled following the release of its latest quarterly results. Gainers Victoria’s Secret (VSCO) jumped more than 7% in pre-market action after the underwear and casual apparel retailer announced a $250M stock repurchase plan. The buyback program will take
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Hot Stocks: VSCO buyback; CALM earnings; CALX, MTRX move on S&P reshuffling; QDEL testing