rose 3.4% to $239.17. Shares of the electric-vehicle maker closed Tuesday up 10% after second-quarter deliveries at
topped Wall Street expectations. The stock has closed higher for six-straight sessions, jumping nearly 27% during the winning streak.
jumped 9.8% after The Wall Street Journal reported it had reached a preliminary deal to combine with Skydance Media. The agreement would see Skydance buy National Amusements, Paramount’s controlling shareholder, and then merge it with Paramount, according to the Journal, which cited people familiar with the matter.
declined 0.5% to $122.02. Shares of the chip maker fell 1.3% on Tuesday. The leading maker of chips for artificial-intelligence applications has risen risen 148% this year but has been in a relative lull over the past week as investors take profits.
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the alcoholic beverage company, reported fiscal first-quarter adjusted earnings of $3.57 a share on revenue of $2.66 billion. Analysts were expecting a profit of $3.46 a share on revenue of $2.67 billion. The stock was up 3.8%.
was up 9.9% to $3.67 after
reached an agreement to buy the rights to
CureVac
’s
Covid-19 and flu vaccines for up to €1.45 billion ($1.56 billion). CureVac also said it would be reducing its workforce by around 30% under a restructuring plan.
the modeling and simulation software company, suspended its quarterly dividend, saying the funds would be used toward its “capital allocation strategy for investing in growth initiatives that are intended to generate long-term shareholder value.” Shares declined 12%. The company also reported third-quarter adjusted earnings of 19 cents a share that topped analysts’ estimates and revenue of $18.5 million, an increase of 14% from a year earlier.
was down 1.1% to $300.32 after analysts at Citi downgraded shares of the cable giant to Sell from Neutral and reduced the price target to $255 from $280.
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Write to Joe Woelfel at joseph.woelfel@barrons.com
