U.S. stocks saw a rise, with the Dow Jones index advancing by around 50 points on Tuesday.
Excitement rippled through the market as Tesla Inc TSLA surged during Tuesday’s trading session, possibly fueled by rumors of Italy courting the electric vehicle giant for truck production.
Whispers in the financial corridors are abuzz with news from Italian media outlet Il Sole 24 Ore, hinting at overtures made by Italy’s Industry Ministry officials to Tesla regarding potential electric truck manufacturing in the country.
Tesla shares catapulted by 5.8% to $182.65 on Tuesday, a sight to behold in the vast landscape of stock movements.
Standing tall amidst gains, other stocks also shone brightly during the session.
- Praxis Precision Medicines Inc PRAX saw a remarkable rise of 31.9% to $66.63 post reveling results from a Phase 2a proof of concept study for PRAX-628 in epilepsy patients with PPR.
- Nuvation Bio Inc NUVB surged by 24.4% to $2.80 following an upbeat upgrade by BTIG, transitioning the stock from Neutral to Buy.
- Krispy Kreme, Inc. DNUT blossomed by 21.3% to $15.10 after expanding its partnership with McDonald’s, promising donuts at McDonald’s locations nationwide.
- Sunnova Energy International Inc NOVA saw a radiant climb of 16.4% to $6.28 upon being appointed as the exclusive provider of solar and battery storage services at The Home Depot stores across the United States.
- Reddit Inc RDDT flourished by 15.8% to $69.26 amidst post-IPO market whirlwinds.
- Canopy Growth Corp CGC surged by 15.6% to $7.17, adding a sparkle to the trading day.
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