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And More June 6, 2022 2 mins read

Stocks Making The Biggest Moves; Sunrun, Eli Lilly, Twitter and More!

And More ı By Rochdi Rais

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Bull and bear , symbolic beasts of market trend

Solar companies — Solar stocks surged after the Biden administration announced it would suspend tariffs on panel products from several Southeast Asian nations. Sunrun shares soared 5.9%, while SunPower surged 2.7%. Enphase Energy shares were up 5.4%.

Twitter — Shares of Twitter plunged 1.5% after Elon Musk accused the company of “resisting and thwarting” his right to information about fake accounts on the platform, according to a letter to the company written by his lawyer Monday.

Eli Lilly — The drugmaker was 2.4% higher before giving back gains. 

Spirit Airlines — Shares of the discount air carrier soared 7% after its bigger rival, JetBlue Airways, sweetened its offer to buy the company Monday. Spirit rejected JetBlue’s initial offer of $30 per share last month. Under the new terms, Spirit shareholders would get $31.50 per share. JetBlue shares added 2.1%.

Keurig Dr Pepper — Shares of the beverage maker rose 5%, along with a handful of others names, after S&P Dow Jones Indices announced it would be added to the S&P 500 index later this month. Other additions On Semiconductor and Vici Properties gained 4.8% and 3.4%, respectively.

DiDi Global — Shares of the Chinese ride-hailing giant surged 24.3% after The Wall Street Journal reported regulators are concluding investigations into the company. The Journal reported that authorities would lift a ban on Didi adding new users as early as next week and reinstate the company’s app in domestic app stores. Didi has been one of the worst-hit companies by Beijing’s regulatory tightening and has been the subject of a cybersecurity probe since days after its U.S. IPO.

CrowdStrike — Shares of the cybersecurity company rose 4.2% after Morgan Stanley upgraded them to overweight from equal weight, calling them a buy as the macro environment becomes less certain.

 

 

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Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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