Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.
Shares of Tesla Inc (NASDAQ: TSLA) rose sharply during Tuesday’s session amid reports suggest Italy has approached the company about electric truck production.
Multiple reports are highlighting new reporting from Italian news outlet Il Sole 24 Ore, suggesting Italy’s Industry Ministry officials have reached out to Tesla in regards to potentially manufacturing electric trucks in the country.
Tesla shares surged 5.8% to $182.65 on Tuesday.
Here are some other big stocks recording losses in today’s session.
- Praxis Precision Medicines Inc (NASDAQ: PRAX) shares jumped 31.9% to $66.63 after the company reported results from a Phase 2a proof of concept study evaluating PRAX-628 in epilepsy patients with PPR.
- Nuvation Bio Inc (NYSE: NUVB) surged 24.4% to $2.80 after BTIG upgraded the stock from Neutral to Buy.
- Krispy Kreme, Inc. (NASDAQ: DNUT) rose 21.3% to $15.10 after the company and McDonald's expanded their partnership, with Krispy Kreme to provide donuts at McDonald's locations nationwide.
- Sunnova Energy International Inc (NYSE: NOVA) shares climbed 16.4% to $6.28 after the company announced that it will be the sole provider of solar and battery storage services in The Home Depot stores across the United States and its territories.
- Reddit Inc (NYSE: RDDT) gained 15.8% to $69.26 amid post-IPO volatility.
- Canopy Growth Corp (NASDAQ: CGC) shares rose 15.6% to $7.17.
- Invivyd Inc (NASDAQ: IVVD) gained 15.2% to $3.72 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $4 to $10.
- Qurate Retail Inc (NASDAQ: QRTEB) gained 13.7% to $4.40.
- Natural Grocers by Vitamin Cottage Inc (NYSE: NGVC) gained 13.4% to $19.25.
- SNDL Inc (NASDAQ: SNDL) gained 10.1% to $1.90.
- Seagate Technology Holdings PLC (NASDAQ: STX) rose 9.2% to $96.33 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $73 to $115.
- Summit Therapeutics Inc (NASDAQ: SMMT) gained 9.2% to $3.58 after Stifel initiated coverage on the stock with a Buy rating and a price target of $8.
- AppFolio Inc (NASDAQ: APPF) gained 9.1% to $247.11 after it was announced the stock will join the S&P MidCap 400.
- McCormick & Company Inc (NYSE: MKC) surged 9% to $76.24 after the company reported better-than-expected first-quarter financial results.
- IHS Holding Ltd (NYSE: IHS) rose 7.6% to $3.74.
- StoneCo Ltd (NASDAQ: STNE) gained 7.6% to $17.04.
- Tandem Diabetes Care Inc (NASDAQ: TNDM) climbed 7.5% to $32.37 after Stifel upgraded the stock from Hold to Buy.
- Western Digital Corp (NASDAQ: WDC) gained 5% to $68.21.
- Foot Locker Inc (NYSE: FL) gained 4.8% to $27.12.
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