U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 1% on Tuesday.
Shares of PepsiCo, Inc. (NASDAQ:PEP) rose during Tuesday's session following the release of quarterly results.
PepsiCo reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion and organic growth of 1.3%, missing the consensus estimate of $23.825 billion. Adjusted EPS of $2.31 beat the consensus estimate of $2.29.
PepsiCo shares gained 0.9% to $168.68 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Cassava Sciences, Inc. (NASDAQ:SAVA) shares jumped 18.3% to $30.06. Cassava announced separation of CEO and board roles. HC Wainwright & Co. analyst Vernon Bernardino upgraded Cassava Sciences from Neutral to Buy and announced a $116 price target.
- Azul S.A. (NYSE:AZUL) shares gained 17% to $3.7350.
- Soleno Therapeutics, Inc. (NASDAQ:SLNO) jumped 14.2% to $54.38 after the company announced regulatory update on DCCR (diazoxide choline) extended-release tablets to treat Prader-Willi syndrome.
- MYT Netherlands Parent B.V. (NASDAQ:MYTE) rose 11.9% to $7.57. MYT Netherlands recently announced the acquisition of YOOX NET-A-PORTER for €555 million.
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) climbed 10.3% to $16.48.
- Capricor Therapeutics, Inc. (NASDAQ:CAPR) gained 9.3% to $19.78.
- DocuSign, Inc. (NASDAQ:DOCU) rose 8.3% to $67.96 after it was announced the company will join the S&P MidCap 400.
- Byrna Technologies Inc. (NASDAQ:BYRN) gained 7.3% to $18.87.
- Robinhood Markets, Inc. (NASDAQ:HOOD) rose 7.1% to $24.98. Barclays analyst Benjamin Budish maintained Robinhood with an Equal-Weight and raised the price target from $20 to $23.
- Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) gained 6.9% to $10.61.
- IGM Biosciences, Inc. (NASDAQ:IGMS) gained 6% to $14.54.
- Palo Alto Networks, Inc. (NASDAQ:PANW) rose 4.8% to $354.36.
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