Medium-Cap U.S. Stocks with Positive and Negative News on May 22, 2023

On May 22, 2023, there were a number of medium-cap U.S. stocks that appeared in the news. Some of these stocks had positive news, while others had negative news.

Positive News

  • Alector (ALEC) announced positive results from a Phase 1/2 clinical trial of its AL-001 drug for Alzheimer’s disease. This news was well-received by investors, and ALEC’s stock price rose by over 20% on the day.
  • Cerevel Therapeutics (CERE) announced positive results from a Phase 2 clinical trial of its lecanemedine drug for Parkinson’s disease. This news was also well-received by investors, and CERE’s stock price rose by over 15% on the day.
  • Alnylam Pharmaceuticals (ALNY) announced positive results from a Phase 3 clinical trial of its vutrisiran drug for polyneuropathy in patients with hereditary transthyretin amyloidosis. This news was also well-received by investors, and ALNY’s stock price rose by over 10% on the day.

Negative News

  • Workhorse Group (WKHS) announced that it would be halting production of its electric delivery vans due to financial difficulties. This news was not well-received by investors, and WKHS’s stock price fell by over 50% on the day.
  • Lordstown Motors (RIDE) announced that it would be laying off 1,000 employees and delaying the production of its electric pickup truck. This news was also not well-received by investors, and RIDE’s stock price fell by over 40% on the day.
  • Fisker Inc (FSR) announced positive results from a crash test of its Ocean electric SUV. However, the company also announced that it would be delaying the production of the Ocean due to supply chain issues. This news was mixed, and FSR’s stock price ended the day down by about 5%.

It is important to note that these are just a few examples of the many medium-cap U.S. stocks that appeared in news on May 22, 2023. The sentiment of the news articles may not necessarily reflect the future stock price of the companies. Investors should always do their own research before making any investment decisions.

Title: Medium-Cap U.S. Stocks with Positive and Negative News on May 22, 2023