Here are some of the day’s bigger, more-active movers in midday trading on Tuesday:
Stock gainers:
Home Depot Inc.’s stock
HD,
+6.25%
got a more than 6% boost, enough to pace the Dow Jones Industrial Average’s
DJIA
gainers, after the home improvement retail giant reported third-quarter profit, sales and same-store sales that beat analyst expectations.
Shares of Tesla Inc.
TSLA,
+5.56%
were driven up 5% and Amazon.com Inc.’s stock
AMZN,
+2.65%
rose 2.5%, as part of a broad rally in consumer discretionary stocks as tame inflation data fueled hopes that consumers will have more spending power if prices increases slow.
Shares in Snap Inc.
SNAP,
+8.71%
jumped more than 7% after a company spokesperson said the firm had struck a deal with Amazon to let users buy certain products from the e-commerce giant via the Snapchat app, according to Reuters.
Boston Properties Inc. shares
BXP,
+10.13%
shot up 10%, as part of a broad rally in the real-estate investment trust sector as tame inflation data pushed Treasury rates lower — making higher-yielding REITs more attractive — after the REIT announced agreements to sell a 45% stake in two life sciences development properties at a gross valuation of about $1.66 billion.
LL Flooring Holdings Inc., formerly known as Lumber Liquidators, saw its stock
LL,
+6.91%
surge 7% after the wood floorings company received a buyout bid from private-equity firm and shareholder F9 Investments LLC that valued LL at about $92.6 million.
Shares in Theseus Pharmaceuticals Inc.
THRX,
+49.53%
surged 49% after the cancer therapy company said it had cut 72% of its workforce, as it explores plans to boost shareholder value, including by selling the firm.
Azenta Inc.‘s stock
AZTA,
+13.57%
rose 12% after the biotech company’s fiscal fourth-quarter results beat Wall Street expectations and it announced plans to buy back an extra $500 million in stock in fiscal 2024.
Stock decliners:
Fisker Inc.‘s stock
FSR,
-22.09%
plunged 22% toward a record low after the electric vehicle maker reported a wider third-quarter loss and revenue that missed expectations.
Shares in HydraFacial parent Beauty Health Co.
SKIN,
-60.38%
plummeted 60% toward a record low after the skin-treatment company reported a surprise large third-quarter loss, said its CEO was leaving and said it could file its audited quarterly results on time.
Workhorse Group Inc. shares
WKHS,
-2.63%
slumped 4% after the EV maker missed third-quarter revenue expectations by a wide margin and provided a downbeat full-year outlook, as results were “significantly impacted” by delays in clean truck and bus vouchers (HVIP) in California.
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