Mid-Afternoon Market Update: US Stocks Turn Positive; Hovnanian Enterprises Shares Slide
Toward the end of trading Wednesday, the Dow traded up 0.08% to 34,342.65 while the NASDAQ rose 0.38% to 14,489.14. The S&P also rose, gaining 0.19% to 4,353.99.
Mid-Day Market Update: Dow Tumbles Over 300 Points; Acer Therapeutics Shares Jump
Midway through trading Wednesday, the Dow traded down 0.92% to 33,997.95 while the NASDAQ fell 0.49% to 14,362.47. The S&P also fell, dropping 0.75% to 4,313.33.
26 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Voyager Therapeutics, Inc. (NASDAQ: VYGR) shares jumped 54.1% to $3.8050 after the company announced licensing option agreement with Pfizer for capsids generated from Voyager's RNA-driven TRACER screening technology.
A Look Into Consumer Cyclical Sector Value Stocks
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Hovnanian Enterprises Shares Gain On Raised FY21 Outlook
Hovnanian Enterprises, Inc. (NYSE:HOV) reported third-quarter sales growth of 10% year-over-year to $690.68 million. Homebuilding gross margin after the cost of…