Nvidia, Insmed, Agios Pharmaceuticals And Other Big Stocks Moving Higher On Tuesday


U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Tuesday.

Shares of NVIDIA Corporation NVDA rose during Tuesday's session on reports Elon Musk’s xAI plans to build a supercomputer that will power its Grok AI chatbot.

The company, last week, reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter.

NVIDIA shares gained 4.4% to $1,110.87 on Tuesday.

Here are some other big stocks recording gains in today's session.

  • Insmed Incorporated INSM shares climbed 110% to $46.20 after the company announced topline results from ASPEN Phase 3 study met its primary endpoint.
  • Calliditas Therapeutics AB CALT shares rose 74.6% to $38.10 after the company’s board recommended the acceptance of Asahi Kasei’s tender offer.
  • Latam Logistic Properties, S.A. LPA shares jumped 45.2% to $20.47.
  • Virgin Galactic Holdings, Inc. SPCE shares surged 30% to $1.1000.
  • Agios Pharmaceuticals, Inc. AGIO jumped 22% to $38.29 after the company announced it agreed to sell its rights to its 15% royalty on potential U.S. net sales of Servier’s vorasidenib to Royalty Pharma.
  • Arcturus Therapeutics Holdings Inc. ARCT shares rose 21% to $36.63 after the company announced it will present Phase 1 results in healthy volunteers and new Phase 1b interim data in CF patients for ARCT-032.
  • GameStop Corp. GME climbed 14.4% to $0.3411 after the company announced it has completed its at-the-market equity offering program, which was previously announced.
  • Corcept Therapeutics Incorporated CORT shares rose 13.7% to $31.20 after the company announced that its Phase 3 GRACE trial met its primary endpoint.
  • Forward Air Corporation FWRD jumped 13% to $13.93.
  • NuScale Power Corporation SMR rose 11.7% to $8.68 after jumping over 16% on Friday.
  • Abacus Life, Inc. ABL climbed 10.1% to $11.78.
  • Oklo Inc. OKLO gained 10.1% to $11.18.
  • Duolingo, Inc. DUOL shares climbed 8.8% to $194.12. JMP Securities analyst Andrew Boone upgraded Duolingo from Market Perform to Market Outperform and announced a price target of $260.
  • HubSpot, Inc. HUBS rose 6.9% to $631.00.
  • Arm Holdings plc ARM gained 6.4% to $122.07.
  • Pan American Silver Corp. PAAS gained 5.2% to $22.12.
  • MINISO Group Holding Limited MNSO rose 4.8% to $23.59.
  • Norwegian Cruise Line Holdings Ltd. NCLH shares rose 4.7% to $16.75 after Mizuho upgraded the stock from Neutral to Buy.

Now Read This: Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month

Market News and Data brought to you by Benzinga APIs
Posted In: NewsIntraday UpdateMarketsMoversTrading Ideasbig gainersMid-Day Movers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!