Here are some of the bigger and more-active movers on Tuesday.
Stock gainers
Shares of Delta Air Lines Inc.
DAL,
+6.84%
ascended more than 3% toward a 14-month high after the air carrier raised its full-year outlook for earnings and free cash flow.
Generac Holdings Inc. shares
GNRC,
+8.79%
jumped 7% to pace the S&P 500 index’s gainers, after Bloomberg reported that Chief Executive Officer Aaron Jagdfeld said the home generator company was seeing a dramatic increase” in sales in its Texas region as that area suffers from a heat wave.
Shares of Stratasys Ltd.
SSYS,
+6.22%
shot up nearly 8% after the 3D printer maker received two unsolicited, increased buyout bids, a cash-and-stock bid from 3D Systems Corp.
DDD,
+10.22%
and an all-cash bid from Nano Dimension Ltd.
NNDM,
+1.75%.
Stratasys said while it will review 3D Systems’ revised bid, it hasn’t changed its approval of the previously announced merger deal with Desktop Metal Inc.
DM,
+0.54%.
3D Systems shares rallied more than 7%, Nano Dimension shares tacked on 1.3% and Desktop Metal’s stock fell 1.1%.
Tesla Inc.’s stock
TSLA,
+3.80%
rose nearly 2%, after dropping 6% on Monday following a ratings downgrade from Goldman Sachs. The stock’s bounce comes even after Piper Sandler said it wouldn’t be a surprise to see investors sell to cash in some of their gains after the stock’s recent run up.
Meta Platforms Inc. shares
META,
+3.08%
rallied nearly 3% after Citi Research analyst Richard Josey boosted his price target by 14% to $360, making Josey the most bullish of the 59 analysts surveyed by FactSet, citing an improving online advertising market.
Centogene NV‘s stock
CNTG,
+50.82%
soared 51% after the genetic diagnostics company announced a joint venture with Lifera, a biopharmaceutical company owned by Saudi Arabia’s Public Investment Fund.
Circor International Inc.’s stock
CIR,
+7.45%
hiked up 8% toward a five-year high after the flow-control-products company agreed to an amended merger deal with KKR & Co.
KKR,
+3.45%
in which the per-share bid was raised to $51 from $49. The raised bid comes after Circor said it had received an unsolicited buyout bid of $52.65 a share in cash.
Snowflake Inc. shares SNOW gained 2% after announcing partnerships with Nvidia NVDA and Microsoft MSFT for artificial intelligence uses.
Shares of AC Immune SA
ACIU,
+71.72%
powered up 20% after the Swiss-based biotech said it has received U.S. Food and Drug Administration fast-track designation for an Alzheimer’s disease treatment.
Stock decliners
Shares of Walgreens Boots Alliance Inc.
WBA,
-9.34%
tumbled 9.7% toward a 12-year low, after the drugstore chain and health care services company reported fiscal third-quarter profit that missed expectations and slashed its full-year outlook, citing “challenging consumer and macroeconomic conditions, and lower COVID-19 vaccine and testing volumes.”
Lordstown Motors Corp. shares
RIDE,
-17.18%
slumped 37% as the electric vehicle maker filed for bankruptcy protection.
Illumina Inc.’s stock
ILMN,
-4.40%
slumped 4.9% toward an 11-month low, after the DNA-sequencing company disclosed late Monday that it has begun laying off workers, as the company looks to cut costs amid a withering fight with activist investor Carl Icahn.
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