Stock Market Today, Dec. 23: Sable Offshore Surges After Regulators Approve California Pipeline Restart

Sable Offshore (NYSE:SOC), a California-based offshore oil and gas operator, closed Tuesday’s session at $10.38, following a 36% share-price surge after federal regulators approved the restart of its Las Flores Pipeline System. Sable Offshore IPO'd in 2021 and has grown 7% since going public. Trading volume reached 42 million shares, about five times higher than its three-month average of 8 million shares. How the markets moved today The S&P 500 added 0.44% to finish at 6,909, while the Nasdaq Composite r ...