share_log

PepsiCo, DocuSign, Robinhood And Other Big Stocks Moving Higher On Tuesday

Benzinga ·  Oct 8 22:12

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.

Now Read This:

  • Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Month
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment