U.S. stocks were lower, with the Nasdaq Composite falling around 150 points on Tuesday.
Shares of UniFirst Corporation UNF rose sharply during Tuesday's session after Cintas CTAS submitted a proposal to acquire the company for $275 per share.
UniFirst shares jumped 31.8% to $223.18 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Getty Images Holdings, Inc. GETY surged 33.7% to $3.44. Getty Images and Shutterstock, Inc. SSTK entered a deal to create a visual content company in a merger of equals. The combined company will have an enterprise value of approximately $3.7 billion.
- Aurora Innovation, Inc. AUR rose 29.5% to $8.42 after the company announced a partnership with NVIDIA, with NVIDIA’s DRIVE Thor and DriveOS to be integrated into the Aurora Driver.
- Shutterstock, Inc. SSTK shares gained 22% to $36.69. Getty Images and Shutterstock entered a deal to create a visual content company in a merger of equals.
- Inari Medical, Inc. NARI rose 22% to $79.28 after Stryker agreed to acquire the company for $80 per share or equity value of approximately $4.9 billion.
- Enovix Corporation ENVX gained 19.6% to $14.90 after the company secured a major pre-paid order for advanced silicon batteries from leading AI and MR tech company.
- Nouveau Monde Graphite Inc. NMG shares jumped 17.1% to $2.46.
- Nuvation Bio Inc. NUVB gained 14.2% to $3.2450.
- Moderna, Inc. MRNA shares rose 10.4% to $47.00.
- Frontline plc FRO shares gained 10% to $15.69.
- Penumbra, Inc. PEN rose 7.2% to $254.43.
- GDS Holdings Limited GDS shares rose 7% to $27.14.
- Carvana Co. CVNA gained 6.3% to $200.83. RBC Capital analyst Brad Erickson upgraded Carvana from Sector Perform to Outperform and raised the price target from $270 to $280.
- XPeng Inc. XPEV shares rose 6.2% to $12.48. XPeng announced a joint initiative with Volkswagen to build super-fast EV charging networks in China. Also, the company selected RTI Connext Drive to streamline communication for its next-generation vehicle architecture.
Now Read This:
CTASCintas Corp
$192.604.05%
CVNACarvana Co
$202.767.37%
ENVXEnovix Corp
$15.1421.5%
FROFrontline PLC
$15.639.57%
GDSGDS Holdings Ltd
$27.799.41%
GETYGetty Images Holdings Inc
$3.4433.9%
MRNAModerna Inc
$47.1710.8%
NARIInari Medical Inc
$79.3122.0%
NMGNouveau Monde Graphite Inc
$2.5420.7%
NUVBNuvation Bio Inc
$3.3317.3%
PENPenumbra Inc
$256.588.13%
SSTKShutterstock Inc
$36.3120.8%
UNFUniFirst Corp
$223.6032.0%
XPEVXPeng Inc
$12.536.64%
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