Stocks had pared gains on news that China vowed to retaliate after President Donald Trump stripped Hong Kong of its preferential trading status following sweeping new national security laws China imposed on the territory.
Here are some of the big movers in the stock market on Wednesday:
1. Moderna | Percentage Increase Over 7%
The Street Quant Rating rates Moderna a Sell with a rating score of D+.
Moderna surged after the drugmaker reported uniformly positive data from an early trial of its experimental coronavirus vaccine.
2. Retractable Technologies | Percentage Increase Over 14%
The Street Quant Rating rates Retractable Technologies a Hold with a rating score of C+.
Retractable Technologies (RVP) - Get Report was recently awarded $53.6 million in U.S. government funding to increase syringe and needle manufacturing capacity to meet potential demand related to the covid-19 coronavirus
3. VBI Vaccines | Percentage Increase Over 6%
The Street Quant Rating rates VBI Vaccines a Sell with a rating score of D.
4. Overstock.com| Percentage Increase Over 6%
The Street Quant Ratings Rate Overtstock.com a Sell with a rating score of D.
Online retailer Overstock.com OSTK has seen sales grow during the coronavirus pandemic. During the months of April and May, the company reported a more than doubling of sales as a result of the outbreak.
5. Purple Innovation | Percentage Increase Over 5%
The Street Quant Ratings rates Purple Innovation a Hold with a rating score of C.