Tuesday's MidDay Movers: Iran's Nuclear Deal Reached; Micron Technology Bid, Box Inc, And More!

As markets start to rebound, Iran reaches a landmark nuclear agreement with the US along with five other world powers; Barack Obama and the US Congress have been seeking this foreign policy for a decade. The nuclear deal aims to prohibit Iran from generating nuclear weapons and in return will be relieved of sanctions.

According to the Wall Street Journal, Obama’s Administration, along with its partners, hope that the nuclear deal will resolve a debate that could have sparked military conflicts. President Obama called on Congress early Tuesday in order to approve the deal, and even threatened to veto votes against the deal. He quoted:

“This deal demonstrates that American diplomacy can bring about real and meaningful change, change that makes our country and the world safer and more secure.”

The Dow continues to rise as earnings approach the market, and Tuesday contained many movers:

Winners:

Transgenomic Inc TBIO soared 29 percent after the biotechnology company reported the launch of its Transgenomic Leukodystrophy NGS Panel for the diagnosis of leukodystrophy.

EPIRUS Biopharmaceuticals Inc EPRS was lifted 19 percent as the biopharmaceuticals company alongside Polpharma Group announce entry into a multi-product/multi-region profit sharing collab for certain EPIRUS biosimilars.

Micron Technology Inc MU was elevated 12 percent as China’s Tsinghua prepared a $23 billion bid to acquire Micron; This could be the biggest Chinese takeover of a US company if the deal is implemented.

Biocept Inc BIOC was up 7 percent after the molecular diagnostic company reported the launch of its quantitative assay that targets BRAF mutations utilizing the blood samples of patients.

Box Inc BOX shares increased 6.7 percent after Jim Cramer sat down with founder and CEO, Aaron Levie, and explained the many benefits of his company. One main point he touched on was how 50 percent of the Fortune 500 companies are customers of Box.

Losers:

Vince Holding Corp VNCE dwindled 18 percent as Jill Granoff resigns from CEO position.

Navient Corporation NAVI shares fell 10 percent after the financial services and products provider lowered its guidance for Q2; Navient expects earnings of ~$0.40 per share, down from previous $0.55 per share.

Spirit Airlines Inc SAVE fell 9 percent after cutting guidance forecasts; Spirit adds that competitors are cutting costs for fares. The airliner also said they took a $5 million hit and $15 million in additional costs.

Tonix Pharmaceuticals Holding Corp TNXP was down 8 percent after it priced ~2.33 million common shares offering at the price of $7.50 per share.