Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | June 11, 2024 10:17am

U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.

Shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) rose sharply during Monday's session after the company authorized a share repurchase program of up to $150 million and entered into a $25 million accelerated share repurchase agreement with Jefferies.

Shoals Technologies Group shares climbed 10% to $7.49 on Tuesday.

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

• Calavo Growers, Inc. (NASDAQ:CVGW) shares jumped 14.1% to $28.50 after the company reported second-quarter financial results.
• Olaplex Holdings, Inc. (NASDAQ:OLPX) jumped 8.9% to $1.8350.
• Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:CRBP) gained 8.8% to $47.74. RBC Capital analyst Brian Abrahams maintained Corbus Pharmaceuticals with an Outperform and raised the price target from $77 to $82.
• Pharming Group N.V. (NASDAQ:PHAR) jumped 7.3% to $8.81.
• Perion Network Ltd. (NASDAQ:PERI) rose 7% to $9.21. Perion Network shares tumbled around 30% on Monday after the company cut its revenue outlook.
• AST SpaceMobile, Inc. (NASDAQ:ASTS) jumped 6.4% to $9.02. AST SpaceMobile filed for resale of up to 10.45 million class A common shares by selling stockholder.
• Latam Logistic Properties, S.A. (NYSE:LPA) gained 6.4% to $18.88.
• Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) rose 5.7% to $23.99.
• Affirm Holdings, Inc. (NASDAQ:AFRM) gained 5.4% to $32.08 after Apple announced Affirm’s payment products are expected to be available to Apple Pay users in the US later this year.
• V.F. Corporation (NYSE:VFC) gained 4.6% to $13.76. V.F. President and CEO Bracken Darrell bought a total of 75,200 shares at an average price of $13.26.
• Apple Inc. (NASDAQ:AAPL) rose 3.4% to $199.70. Apple revealed its plans to integrate Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Gemini AI model into its Apple Intelligence feature set. Apple also announced Affirm's payment products are expected to be available to Apple Pay users in the U.S. later this year.

Now Read This: Alphabet To Rally Over 28%? Here Are 10 Top Analyst Forecasts For Tuesday

Posted In: AAPL AFRM ASTS CRBP CVGW FMAO GOOG GOOGL LPA OLPX PERI PHAR SHLS VFC