These are stocks on the move on Tuesday
Here are some of the biggest movers on Tuesday:
Stock gainers:
- Lockheed Martin Corp.’s stock LMT, +2.40% rose 2.8% after the defense and aerospace company posted better-than-expected first-quarter earnings.
- Bellus Health’s stock BLU, +98.90% soared over 98% after U.K. drug giant GSK GSK, -1.63% GSK, -1.84% said it would acquire the late-clinical-stage biopharmaceutical company for about $2 billion – or $14.75 per share in cash.
- Bank of America’s stock BAC, +0.63% rose after posting better-than-expected first-quarter revenue and earnings per share.
- Bed Bath & Beyond BBBY, +22.46% continued its rally from Monday, its stock rose 17% on Tuesday. The price move and a spike in trading volume is being fueled by social-media attention, a Capital.com analyst said.
- Bank of New York Mellon’s stock BK, +1.49% pared early gains after reporting a rise in net income and revenue that matched estimates.
Stock decliners:
- Goldman Sach’s stock GS, -1.70% dropped 1.4%. The investment bank reported a slide in first-quarter revenue that lagged FactSet estimates.
- Shares in Johnson & Johnson JNJ, -2.81% fell 2.8% after it swung to a huge loss caused by a $6.9 billion charge to settle lawsuits from claimants alleging its talc-based powders caused cancers and other serious illnesses.
- Regional bank shares such as First Republic Bank FRC, -4.26% and Charles Schwab SCHW, +2.33% were down slightly following a mixed results bag on Monday, when Charles Schwab beat profit expectations but fell short on revenue.
- Plug Power’s shares PLUG, -5.05% fell 5% following a downgrade from KeyBanc Capital, which slapped a sector weight rating on the electrical equipment manufacturing company.
- Southwest Airlines Co.’s stock LUV, -0.77% slid 1.3% after it was forced to pause all departures across the U.S. because of technical issues early in the day. The issues have been resolved.