Stocks finished lower Tuesday. Treasury yields rose, sparked by progress on the COVID-19 vaccine and expectations of a stimulus package.
Here are some of the top gainers for Tuesday
1. Yelp | Increase 3.7%
Yelp (YELP) - Get Report climbed after Citigroup analyst Jason Bazinet upgraded the online review company to buy from neutral and raised his share price target to $48 from $33. Bazinet sees opportunities for Yelp as businesses reopen.
2. BioNTech | Increase 8.9%
BioNTech (BNTX) - Get Report rose after saying it would work with its partner Pfizer (PFE) - Get Report to boost the manufacturing capacity of their COVID-19 vaccine to 2.5 billion doses by the end of the year. BioNTech also projected sales of roughly $11.73 billion from the vaccine this year.
3. General Motors | Increase 4.6%
General Motors GM shares advanced after Jefferies analyst Philippe Houchois raised his price target on the automaker to $62 from $50, while keeping a hold rating. Also, Moody's changed its outlook to stable from negative after GM "maintained sufficient liquidity and demonstrated the operating flexibility to weather the drop and then recovery from the COVID-induced pandemic."
4. Lantheus Holdings | Increase 10%
Shares of Lantheus Holdings (LNTH) - Get Report moved up after the company said it had exclusive worldwide rights to develop, manufacture and commercialize NTI-1309, a PET oncology imaging agent from Noria Therapeutics.
5. Shockwave Medical | Increase 19%
Shockwave Medical (SWAV) - Get Report advanced after the medical device company said it expects first-quarter revenue to range from $31 million to $32 million, more than double (up 104% to 111%) the year-earlier figure. The company said it was encouraged by the "excellent reception" of its newly launched C2 Coronary IVL product in the U.S.