Cassava Sciences, Blue Apron, and Revlon Stocks Exploded Out of the Gate Wednesday Morning

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Both the S&P 500 and the Nasdaq Composite were sharply lower, down 1% and 1.5% (as of this writing around 12:30 p.m., ET). Clinical stage biotechnology company Cassava Sciences (NASDAQ: SAVA) surged as much as 72.5%, meal kit purveyor Blue Apron Holdings (NYSE: APRN) climbed as much as 27.1%, and cosmetics company Revlon (NYSE: REV) gained as much as 15.2%. At 12:45 p.m. ET, the stocks' move from the previous close were 28% for Cassava Sciences, 10% for Blue Apron, and 1% for Revlon.