Nvidia, Insmed, Agios Pharmaceuticals And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | May 28, 2024 10:31am

U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Tuesday.

Shares of NVIDIA Corporation (NASDAQ:NVDA) rose during Tuesday's session on reports Elon Musk’s xAI plans to build a supercomputer that will power its Grok AI chatbot.

The company, last week, reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter.

NVIDIA shares gained 4.4% to $1,110.87 on Tuesday.

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

Insmed Incorporated (NASDAQ:INSM) shares climbed 110% to $46.20 after the company announced topline results from ASPEN Phase 3 study met its primary endpoint.
Calliditas Therapeutics AB (NASDAQ:CALT) shares rose 74.6% to $38.10 after the company’s board recommended the acceptance of Asahi Kasei’s tender offer.
Latam Logistic Properties, S.A. (NYSE:LPA) shares jumped 45.2% to $20.47.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares surged 30% to $1.1000.
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) jumped 22% to $38.29 after the company announced it agreed to sell its rights to its 15% royalty on potential U.S. net sales of Servier’s vorasidenib to Royalty Pharma.
Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) shares rose 21% to $36.63 after the company announced it will present Phase 1 results in healthy volunteers and new Phase 1b interim data in CF patients for ARCT-032.
GameStop Corp. (NYSE:GME) climbed 14.4% to $0.3411 after the company announced it has completed its at-the-market equity offering program, which was previously announced.
Corcept Therapeutics Incorporated (NASDAQ:CORT) shares rose 13.7% to $31.20 after the company announced that its Phase 3 GRACE trial met its primary endpoint.
Forward Air Corporation (NASDAQ:FWRD) jumped 13% to $13.93.
NuScale Power Corporation (NYSE:SMR) rose 11.7% to $8.68 after jumping over 16% on Friday.
Abacus Life, Inc. (NASDAQ:ABL) climbed 10.1% to $11.78.
Oklo Inc. (NYSE:OKLO) gained 10.1% to $11.18.
Duolingo, Inc. (NASDAQ:DUOL) shares climbed 8.8% to $194.12. JMP Securities analyst Andrew Boone upgraded Duolingo from Market Perform to Market Outperform and announced a price target of $260.
HubSpot, Inc. (NYSE:HUBS) rose 6.9% to $631.00.
Arm Holdings plc (NASDAQ:ARM) gained 6.4% to $122.07.
Pan American Silver Corp. (NASDAQ:PAAS) gained 5.2% to $22.12.
MINISO Group Holding Limited (NYSE:MNSO) rose 4.8% to $23.59.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares rose 4.7% to $16.75 after Mizuho upgraded the stock from Neutral to Buy.