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Saturday, Jun 25, 2022
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Midday Stock Roundup

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The S&P; 500 dropped 0.6% to 4,123.43.

The Dow 30 fell 0.6% to 32,802.67.

The Nasdaq was off 0.6% at 12,240.56.

Crude oil jumped 2.2% to $110.68 a barrel.

Gold was up 0.7% at $1,889 an ounce.

The yield on a 10-year bond rose 0.7% to 3.089%.

ENERGY

Clean Energy Fuels Corp. (Nasdaq: CLNE) dropped 16% to $4.96 per share and a $1.1 billion market cap. After the Newport Beach provider of renewable natural gas reported Q1 financial results yesterday, officials told analysts that fuel volumes took a hit due to the Omicron variant spike and supply curtailments at the company’s NG Advantage subsidiary. The company also said it may make less profit this year, reducing its EBITDA forecast from $65 million to a range of $60 million to $65 million.

MEDICAL DEVICES

Inari Medical Inc. (Nasdaq: NARI) fell 8.5% to $65.22 per share and a $3.4 billion market cap. Since its Q1 earnings report on Wednesday, shares for the Irvine maker of blood clot removal devices have dropped an accumulated 23%.

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