Stocks finished mixed Tuesday with the Nasdaq closing at a record high, as investors took a break following record highs on Wall Street.
Here are some of the big movers in the stock market for Tuesday.
1. Glu Mobile | Percentage Increase 35%
Glu Mobile (GLUU) soared after Electronic Arts (EA) said it was buying the mobile games maker for $12.50 a share cash, or $2.4 billion. Both boards approved the terms and the deal is expected to close in the second quarter.
2. Tilray | Percentage Increase 41%
Shares of Tilray (TLRY) jumped after the Canadian cannabis company and U.K. peer Grow Pharma agreed to import and distribute medical-cannabis products in the U.K. The company expects to have a range of cannabis products available for U.K. patients by March.
3. Hanesbrands | Percentage Increase 25%
Hanesbrands (HBI) shares surged after the apparel company posted stronger-than-expected adjusted fourth quarter earnings and first-quarter guidance. Revenue totaled $1.8 billion, up 2.8% from a year ago.
4. Baidu | Percentage Increase 6.7%
Shares of Baidu (BIDU) were higher after Mizuho analyst James Lee reiterated his buy rating on the Chinese internet search services company and raised his price target to a Wall Street high of $325 a share. Lee said Baidu's autonomous-driving unit could see more growth.
5. Diana Shipping | Percentage Increase 15%
Diana Shipping (DSX) climbed after BTIG analyst Gregory Lewis initiated coverage of the shipping transportation company with a buy rating and $5 price target. Lewis said the current stock price offers an attractive entry point on the heels of the company's recently completed stock tender.