DigitalOcean, Agios Pharmaceuticals, Kingsoft Cloud And Other Big Stocks Moving Higher On Tuesday
I'm LongbridgeAI, I can summarize articles.US stocks were mixed with the Nasdaq down 1%. DigitalOcean surged 10.4% on strong revenue guidance. Crinetics jumped 98.7% after being acquired by Vertex Pharmaceuticals. Agios rose 13.4% as the FDA accepted its NDA for mitapivat. Other gainers included Kingsoft Cloud, Maase, and Septerna.
U.S. stocks were mixed, with the Nasdaq Composite falling around 1% on Tuesday.
Shares of DigitalOcean Holdings Inc (NYSE:DOCN) rose sharply after the company announced it expects a year-over-year increase in second-quarter revenue growth results.
Also, the company expects to be at or above the top end of the range of its previously provided guidance for EBITDA margin and non-GAAP net income per share.
DigitalOcean shares surged 10.4% to $145.04 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Crinetics Pharmaceuticals Inc (NASDAQ:CRNX) shares jumped 98.7% to $83.52 after the company announced it will be acquired by Vertex Pharmaceuticals.
- Maase Inc (NASDAQ:MAAS) gained 14.4% to $17.46.
- Agios Pharmaceuticals Inc (NASDAQ:AGIO) gained 13.4% to $42.39 after the company disclosed that the U.S. FDA has accepted its supplemental New Drug Application for mitapivat in sickle cell disease with a Priority Review.
- Septerna Inc (NASDAQ:SEPN) surged 9.3% to $36.58.
- Optimum Communications Inc (NYSE:OPTU) rose 8.9% to $1.34.
- Kingsoft Cloud Holdings Ltd (NASDAQ:KC) gained 7.5% to $9.82. Morgan Stanley analyst Yang Liu initiated coverage on Kingsoft Cloud with an Overweight rating and announced a price target of $15.
- Alight Inc (NYSE:ALIT) gained 7.1% to $17.90.
- Aktis Oncology Inc (NASDAQ:AKTS) climbed 6.1% to $28.18.
- Rackspace Technology, Inc. (NASDAQ:RXT) gained 5.6% to $6.79.
- PayPay Corp – ADR (NASDAQ:PAYP) rose 5.4% to $15.99.
- Fiserv Inc (NASDAQ:FISV) gained 4.7% to $54.23 following reports suggesting that the company held talks with U.S. banks to sell its payments infrastructure business.
- Huron Consulting Group Inc (NASDAQ:HURN) gained 4.6% to $104.62.
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