PepsiCo, DocuSign, Robinhood And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 1% on Tuesday.

Shares of PepsiCo, Inc. PEP rose during Tuesday's session following the release of quarterly results.

PepsiCo reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion and organic growth of 1.3%, missing the consensus estimate of $23.825 billion. Adjusted EPS of $2.31 beat the consensus estimate of $2.29.

PepsiCo shares gained 0.9% to $168.68 on Tuesday.

Here are some other big stocks recording gains in today's session.

• Cassava Sciences, Inc. SAVA shares jumped 18.3% to $30.06. Cassava announced separation of CEO and board roles. HC Wainwright & Co. analyst Vernon Bernardino upgraded Cassava Sciences from Neutral to Buy and announced a $116 price target.
• Azul S.A. AZUL shares gained 17% to $3.7350.
• Soleno Therapeutics, Inc. SLNO jumped 14.2% to $54.38 after the company announced regulatory update on DCCR (diazoxide choline) extended-release tablets to treat Prader-Willi syndrome.
• MYT Netherlands Parent B.V. MYTE rose 11.9% to $7.57. MYT Netherlands recently announced the acquisition of YOOX NET-A-PORTER for €555 million.
• Applied Optoelectronics, Inc. AAOI climbed 10.3% to $16.48.
• Capricor Therapeutics, Inc. CAPR gained 9.3% to $19.78.
• DocuSign, Inc. DOCU rose 8.3% to $67.96 after it was announced the company will join the S&P MidCap 400.
• Byrna Technologies Inc. BYRN gained 7.3% to $18.87.
• Robinhood Markets, Inc. HOOD rose 7.1% to $24.98. Barclays analyst Benjamin Budish maintained Robinhood with an Equal-Weight and raised the price target from $20 to $23.
• Sun Country Airlines Holdings, Inc. SNCY gained 6.9% to $10.61.
• IGM Biosciences, Inc. IGMS gained 6% to $14.54.
• Palo Alto Networks, Inc. PANW rose 4.8% to $354.36.

Now Read This:

• Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Month