Trending Tickers: $ABVX Soars on Trial Data, $LCID Gains on Strategic Moves, $XYZ Joins S&P 500

Trending Tickers: $ABVX Soars on Trial Data, $LCID Gains on Strategic Moves, $XYZ Joins S&P 500

This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:

Abivax ($ABVX) Surges on Reports of Positive Phase 3 Results

Abivax ($ABVX), a clinical-stage biotech company developing treatments for chronic inflammation, announced encouraging Phase 3 results for its drug obefazimod. According to the company, the drug helped more patients with moderate to severe ulcerative colitis reach remission compared to a placebo in two major clinical trials.

The trials, known as ABTECT-1 and ABTECT-2, tested a once-daily 50 mg dose of obefazimod. In both studies, the drug showed a clear benefit over placebo after 8 weeks of treatment. According to Abivax, the 50 mg dose led to a placebo-adjusted remission rate of 19.3% in one study and 13.4% in the other—both statistically significant results. The drug also met all key secondary goals, including improvements in symptoms and signs of healing inside the colon.

The company noted that the drug was generally well tolerated, with no new safety concerns. About 47% of patients in the study had already tried and failed other advanced treatments, making the results particularly meaningful.

Abivax said it expects to release data from a longer 44-week maintenance trial in the second quarter of 2026. If successful, the company plans to apply for FDA and European approval in the second half of that year.

Stock Price Movement
$ABVX jumped 586% after the news, as investors responded positively to the trial results and the potential for regulatory approval.

Lucid ($LCID) Pushes Forward with New Strategic Deals

Lucid Group ($LCID), the California-based EV maker behind the Air sedan and upcoming Gravity SUV, announced two major developments—first, a self-driving ride-hailing partnership with Uber and Nuro late last week, and more recently, a new supply chain alliance aimed at boosting domestic access to critical minerals.

Robotaxi Deal with Uber and Nuro
According to the company, Lucid is partnering with Uber and autonomous driving company Nuro to launch a premium global robotaxi service. The plan is to deploy more than 20,000 Lucid Gravity SUVs—each equipped with Nuro’s self-driving technology—exclusively on Uber’s platform over the next six years. The first vehicles are expected to hit the road in a major U.S. city in 2026.

The vehicles will be owned and operated by Uber or its fleet partners. A working prototype is already being tested at Nuro’s facility in Las Vegas. As part of the collaboration, Uber will invest hundreds of millions of dollars into both Lucid and Nuro.

Lucid said the Gravity’s long 450-mile range and advanced software system make it well-suited for autonomous rides. Nuro will handle the integration of its Level 4 self-driving software, while Uber will manage fleet operations using its global platform.

New U.S. Mineral Partnership to Support EV Manufacturing
Separately, Lucid announced it has joined a new initiative called MINAC (Minerals for National Automotive Competitiveness Collaboration). The group includes U.S.-based critical mineral producers like Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo.

According to Lucid, the goal is to help increase domestic supply of key minerals like nickel, manganese, graphite, and lithium—essential for EV battery production. The partnership aims to fast-track mineral development projects and create stronger links between the mining and automotive sectors.

Lucid emphasized that sourcing more materials domestically will improve supply chain resilience and reduce reliance on foreign imports. The announcement coincided with a roundtable in Washington, D.C. attended by lawmakers and state officials.

Stock Price Movement
$LCID rose 36% following the Uber robotaxi deal, as investors welcomed the move into autonomous ride-hailing and the backing from Uber. The subsequent announcement of the mineral supply chain alliance had little impact, with the stock remaining mostly flat.

Block ($XYZ) Joins S&P 500

Block Inc. ($XYZ), a financial technology company known for its digital payment solutions and merchant services, has officially joined the S&P 500 index as of the market open on July 23, 2025. The change follows Chevron Corp.’s ($CVX) completed acquisition of Hess Corp. ($HES) on July 18, which prompted Hess’s removal from the index.

Block has been classified under the Information Technology sector, reflecting its expanding footprint in financial services, digital wallets, and blockchain infrastructure.

Why S&P 500 Inclusion Matters

Joining the S&P 500 is a major milestone for any public company. It leads to automatic inclusion in a wide range of index-tracking funds and ETFs—such as the SPDR S&P 500 ETF ($SPY)—which collectively manage trillions of dollars. This inclusion often brings increased passive inflows, higher trading volumes, and greater visibility among institutional investors.

Inclusion also signals financial strength, as companies must meet strict requirements for profitability, liquidity, and market cap. For Block, this step not only increases share demand but also enhances its standing with partners, customers, and prospective talent.

Stock Price Reaction
$XYZ shares rose sharply following the announcement, as traders anticipated heightened demand from index funds and ETFs rebalancing ahead of Block’s S&P 500 inclusion.

This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.

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