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5 Top Stock Gainers for Tuesday: Moderna, BSquare, Exela

Moderna, BSquare, Exela Technologies, Marin Software and Morgan Stanley are five top stock gainers for Tuesday.

Stocks closed higher Tuesday with the S&P 500 and Nasdaq setting intraday and closing records.

Here are some of the big movers in the stock market Tuesday:

1. Moderna | Increase 5.2%

Moderna  (MRNA) - Get Moderna, Inc. Report jumped after the pharmaceutical company said its COVID-19 vaccine showed promise in protecting against variants of the disease, including the highly contagious Delta variant. The Indian government had granted emergency use authorization for the company's COVID-19 vaccine, Moderna said.

2. BSquare | Increase 207%

Shares of BSquare  (BSQR) - Get BSQUARE Corporation Report tripled on Tuesday as the company apparently caught the attention of retail traders. BSquare is the Seattle provider of internet-of-things systems software. In May, the company posted a first-quarter net loss of $900,000 on revenue of $10 million.

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3. Exela Technologies | Increase 59%

Exela Technologies  (XELA) - Get Exela Technologies, Inc. Report jumped after the company was touted on Reddit message boards. On Friday a Texas court dismissed a federal securities lawsuit against the provider of business-process-automation solutions.

4. Marin Software | Increase 131%

Marin Software  (MRIN) - Get Marin Software, Inc. Report more than doubled amid touts for the shares on Reddit message boards to collectively push back against a potential short squeeze. Marin last week announced an enhancement to ad management software that enables users to manage ads placed on online grocery platform Instacart.

5. Morgan Stanley | Increase 3.4%

Shares of Morgan Stanley  (MS) - Get Morgan Stanley (MS) Report advanced after the investment bank said it would double its quarterly dividend to 70 cents a share and buy back $12 billion of shares over the next 12 months. The nation's big banks recently passed the Federal Reserve's stress test.