Tesla's Rising, but This Nasdaq Biotech Stock Got Absolutely Crushed Wednesday
The stock market took a breather Wednesday morning from extreme volatility in both directions over the past couple of days. After a huge jump on Tuesday, Nasdaq Composite (NASDAQINDEX: ^IXIC) futures contracts eased lower by 36 points to 15,944 as of 8:30 a.m. ET Wednesday in premarket trading.
Tesla (NASDAQ: TSLA) is a name that's on many investors' watch lists, and it's always been a volatile stock. The electric vehicle (EV) pioneer has hit the skids in recent weeks, but this morning, shareholders are seeing a reason for hope that the worst of the recent pullback is behind them. Meanwhile, though, another Nasdaq-listed stock is getting positively hammered, with bad news that's calling into question its entire future. Below, you'll learn more about why Tesla bears might be going back into hibernation, and then you'll see more about the biotech stock that's plunging Wednesday morning.
Shares of Tesla were up more than 3% on Wednesday morning. The move came following comments from CEO Elon Musk regarding his holdings in the EV manufacturer.
Source Fool.com
