Tuesday's Movers: June Therapeutics, Fitbit, Kandi Spike; Puerto Rico News Affecting Stocks

Following an overwhelming market session Monday, Tuesday had many notable movers as the DOW is lifted:

Gainers:

Signal Genetics Inc SGNL spiked 85 percent as the commercial stage, molecular diagnostics company reported an all new master service agreement with a leading pharmaceutical company.

Asterias Biotherapeutics Inc AST was lifted nearly 37 percent after announcing that the biotech company has now been added to the Russell 2000, 3000, and Russell Global, and Russell Microcap indexes.

June Therapeutics Inc JUNO was up 19 percent on the news that Celgene Corporation CELG is investing $1 billion in Juno as part of a 10 year partnership; This grants both companies to work together to develop treatments for autoimmune diseases along with cancer.

Treehouse Foods Inc THS was higher 10 percent due to ConAgra Foods Inc CAG announced it will be departing the private label business, eliminating some competition for Treehouse.

Kandi Technologies Group Inc KNDI moved 7 percent after it announced that it received a payment $44.3 million from Chinese National Government.

Fitbit Inc FIT was up 6 percent on news that Fitbits are outselling the new Apple Watch.

Losers:

MBIA Inc MBI tanked down 15 percent after the S&P downgraded Puerto Rico, who MBIA is exposed to in insuring bonds.

Ambac Financial Group Inc AMBC dwindled down 15 percent, an 8-month low, after Puerto Rico announced it cannot pay its $72 billion debt. Ambac is a bond issuer and has sold insurance against a Puerto Rican default that is potential.

Apollo Education Group Inc APOL was down 14 percent after the company reported lower than expected earnings for the third quarter of fiscal year 2015. Revenues have fallen 14 percent year-over-year.

Tuesday Morning Corporation TUES declined 12 percent after CFO Jeffrey Boyer announced he would resign from the home accessories retailer.