- Mirati Therapeutics suffered relatively more than others yesterday after 30.66% dip Ollie's Bargain Outlet had a negative day yesterday (down 17.47%).
- European markets were down yesterday as FTSE stumbles to 7,489.19 (down 0.43%).
Yesterday's market activity meant that leading equity indices in the US declined as Nasdaq was down 0.51% before closing the session at 10,959. S&P 500 closed at 3,934, a 0.19% change.
US markets are now currently closed and set to reopen today; meanwhile, European markets were down yesterday as FTSE is currently down 0.43% and trading around 7,489.19. Asia-Pacific markets closed lower today.
Market's down-tick coincides with some negative macro data published earlier as United States Crude Oil Inventories improved upon its previous reading of -12.58 million with a new data release of -5.19 million.
Meanwhile, United States Cushing Crude Oil Inventories came out at -373,000, while a consensus of analysts was expecting -841,000. United States Unit Labor Costs (QoQ) (Q3) released yesterday at 13:30 UTC with a figure of 2.4, while the previous figure was 3.5.
Looking ahead, ongoing depreciation may be prolonged as United States Initial Jobless Claims projected to come out at 230,000 — worse than previous data of 225,000; data will be released today at 13:30 UTC.
Furthermore, United States Producer Price Index figure is projected at 0.2%. It previously stood at 0.2%; data will be released tomorrow at 13:30 UTC.
While markets are generally down so far today, some stocks outperformed such as GoHealth gained 21.39% to reach $14.
Yesterday's bearishness affected individual stocks as Mirati Therapeutics lost 30.66% yesterday before closing at $49.59. Ollie's Bargain Outlet had a negative day yesterday (down 17.47%).
Bearish Ollie's Bargain Outlet declines $10.09 (17.47%)
More of the same from yesterday's session: after ending Tuesday at $57.75, Ollie's Bargain Outlet Holdings, Inc. dropped to $46.44 early in yesterday's session and closed at $47.66. In total, it lost 17.47%. Ollie's Bargain Outlet is currently trading with a market cap of $2.98 billion with an average daily trading volume of 1.22 million shares.
Mirati Therapeutics closed at $49.59, continuing its bearish run
Yesterday's session continued the recent downtrend: after ending Tuesday at $71.52, Mirati Therapeutics declined to $49.16 yesterday before closing at $49.59, thereby losing 30.66% in total. Mirati Therapeutics's market cap currently stands at $2.86 billion with an average daily volume of 1.76 million shares. So far in 2022, it has been under-performing the Nasdaq by 14.39%.