The Dow Jones index saw a 50-point increase on Tuesday, leading a wave of optimism among U.S. stocks.
Tesla Inc’s stock (TSLA) soared 5.8% to $182.65 after reports surfaced regarding potential collaboration with Italy for electric truck production.
Initial stirrings hailed from Italian news outlet Il Sole 24 Ore, hinting at Italy’s Ministry of Industry reaching out to Tesla for a potential electric truck manufacturing venture.
In a parallel universe of success, other stocks experienced notable surges in today’s trading session.
- Praxis Precision Medicines Inc (PRAX) saw a remarkable 31.9% rise to $66.63 following positive outcomes in a Phase 2a epilepsy study.
- Nuvation Bio Inc (NUVB) surged 24.4% to $2.80 post an enthusiastic upgrade from BTIG.
- Krispy Kreme, Inc. (DNUT) delighted investors with a 21.3% climb to $15.10 as their partnership with McDonald’s expanded.
- Sunnova Energy International Inc (NOVA) experienced a 16.4% uptick to $6.28 after securing an exclusive solar and battery service deal with The Home Depot.
- Reddit Inc (RDDT) spiked by 15.8% to $69.26 amidst the rollercoaster of post-IPO trading.
- Canopy Growth Corp (CGC) observed a 15.6% increase to $7.17.
- Invivyd Inc (IVVD) gained 15.2% to $3.72 after an uplifting endorsement from Morgan Stanley.
- Qurate Retail Inc (QRTEB) appreciated by 13.7% to $4.40.
- Natural Grocers by Vitamin Cottage Inc (NGVC) flourished with a 13.4% rise to $19.25.
- SNDL Inc (SNDL) climbed 10.1% to $1.90, marking substantial progress.
- Seagate Technology Holdings PLC (STX) jumped 9.2% to $96.33 following a favorable upgrade and updated price target by Morgan Stanley.
- Summit Therapeutics Inc (SMMT) gained 9.2% to $3.58 after Stifel initiated coverage with a positive outlook.
- AppFolio Inc (APPF) celebrated with a 9.1% rise to $247.11 as news of joining the S&P MidCap 400 spread.
- McCormick & Company Inc (MKC) surged by 9% to $76.24 on the heels of impressive first-quarter results.
- IHS Holding Ltd (IHS) gained 7.6% to $3.74, showcasing steady growth.
- StoneCo Ltd (STNE) relished a 7.6% rise to $17.04 in today’s trading.
- Tandem Diabetes Care Inc (TNDM) climbed by 7.5% to $32.37 post an encouraging recommendation from Stifel.
- Western Digital Corp (WDC) secured a 5% increase to $68.21.
- Foot Locker Inc (FL) ended on a positive note with a 4.8% gain to $27.12.
