5 Top Stock Gainers for Tuesday: Mudrick Capital, Snap
Stocks ended down Tuesday one day after markets soared to all-time highs.
Here are some of the market's biggest gainers for Tuesday:
1. Mudrick Capital Acquisition | Increase 16%
Mudrick Capital Acquisition Corp. II (MUDS) - Get Mudrick Capital Acquisition Corporation II Report climbed following reports that Topps would be merging with the special purpose acquisition company in a transaction that values the trading-card company at $1.3 billion.
2. Snap | Increase 4.8%
Shares of Snap (SNAP) - Get Snap Inc. Class A Report rose after the Snapchat parent was upgraded to overweight from neutral by Atlantic Equities analyst James Cordwell with a $75 price target. Evercore ISI analyst Mark Mahaney assumed coverage with an outperform rating and $68 target.
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3. Norwegian Cruise Line | Increase 4.3%
Norwegian Cruise Line Holdings (NCLH) - Get Norwegian Cruise Line Holdings Ltd. Report advanced after the cruise line operator submitted a plan to U.S. health officials to restart cruising from U.S. ports beginning July 4. It's part of two-pronged plan to emerge from the COVID-19 shutdown.
4. PLBY Group | Increase 6.3%
PLBY Group (PLBY) - Get PLBY Group Inc. Report shares were hopping after the owner of Playboy magazine said it was launching an NFT art gallery on Nifty Gateway’s blockchain-powered marketplace. Canaccord analyst Austin Moldow, who has a buy rating and a $28 price target on the stock, said this should be just the initial step for PLBY in executing on a long-term sustainable NFT strategy.
5. Spotify | Increase 3.3%
Spotify (SPOT) - Get Spotify Technology S.A. Report was climbing after Evercore ISI analyst Mark Mahaney assumed coverage of the music and podcast streaming service with an outperform rating and $360 price target. He views Spotify as "a leader in the global audio market" and says its podcast pivot can unlock its growth curve.
