U.S. stocks were higher, with the Nasdaq Composite gaining around 1% on Tuesday.
Shares of Hasbro Inc (NASDAQ:HAS) rose sharply after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance.
Adjusted earnings came in at $1.28 per share, topping the analyst consensus estimate of $1.14. Revenue increased 16% year over year to $1.14 billion, ahead of analysts’ expectations of $1.07 billion.
Hasbro shares jumped 8.6% to $88.62 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Utz Brands Inc (NYSE:UTZ) shares jumped 88% to $14.08 after the company announced that Intersnack Group will acquire all Utz Class A common stock for $14.25 per share in cash.
- Aehr Test Systems (NASDAQ:AEHR) gained 20.6% to $93.29.
- Park Aerospace Corp (NYSE:PKE) gained 17.5% to $38.36 after the company reported better-than-expected quarterly financial results.
- Forward Air Corp (NASDAQ:FWRD) surged 15.5% to $15.25 after signing a non‑binding memorandum of understanding with a customer to retain at least half of $250 million in annual revenue.
- Cybin Inc (NASDAQ:HELP) gained 13.9% to $8.10 after the company announced it completed enrollment in its APPROACH Phase 3 pivotal study of HLP003 in patients living with Major Depressive Disorder.
- Securitize Corp (NYSE:SECZ) surged 13.4% to $7.51.
- DigitalOcean Holdings Inc (NYSE:DOCN) gained 13.2% to $134.79. Barclays analyst Raimo Lenschow maintained DigitalOcean with an Overweight rating and lowered the price target from $184 to $160.
- First Tracks Biotherapeutics Inc (NASDAQ:TRAX) gained 12.7% to $41.57 after Barclays raised its price target on the stock from $40 to $48.
- Palvella Therapeutics Inc (NASDAQ:PVLA) gained 12.4% to $139.59.
- Coinbase Global Inc (NASDAQ:COIN) surged 12.2% to $179.98. Shares of crypto-linked companies traded higher as Bitcoin rose in response to reports suggesting that President Trump agreed to the CLARITY Act’s ethics language. Treasury Secretary Bessent said, “We’re at the 1-yard line on the CLARITY Act in the Senate.”
- Bloom Energy Corp (NYSE:BE) jumped 11.5% to $220.00.
- Ondas Inc (NASDAQ:ONDS) gained 10.7% to $7.61.
- Teradyne Inc (NASDAQ:TER) climbed 10.4% to $368.60.
- Western Digital Corp (NASDAQ:WDC) gained 10.2% to $537.34.
- AST SpaceMobile Inc (NASDAQ:ASTS) gained 10% to $63.15.
- Robinhood Markets Inc (NASDAQ:HOOD) rose 8.2% to $107.40. Needham analyst John Todaro maintained Robinhood with a Buy and raised the price target from $97 to $123.
- Seagate Technology Holdings PLC (NASDAQ:STX) gained 8.2% to $868.48.
- Micron Technology Inc (NASDAQ:MU) jumped 7.7% to $932.80.
- Applied Materials Inc (NASDAQ:AMAT) jumped 7.3% to $564.28.
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