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Premarket Movers Tuesday: Nvidia, Ardelyx, IBM

Stocks moving in premarket trading Tuesday include Nvidia, Ardelyx, IBM, PPG Industries and Halliburton.

Stock futures traded higher Tuesday, indicating Wall Street will claw back some losses from Monday's selloff as investors turned their attention to a slew of earnings reports.

Here are some of the top movers during premarket trading on Tuesday:

1. Nvidia - Up 0.68%

Nvidia  (NVDA) - Get Report moved higher as the chipmaker's shares are set to begin trading on a split-adjusted basis following a spring decision to make them more accessible to individual investors and company employees. 

The stock has risen nearly 80% over the past year, giving it a market value of around $453 billion.

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2. Ardelyx - Down 73%

Ardelyx  (ARDX) - Get Report shares tumbled, extending Monday’s losses, after the Food and Drug Administration said it had identified “deficiencies” on the company’s application for Tenapanor, a drug that controls serum phosphorus, a condition caused by chronic kidney disease in dialysis patients.

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3. International Business Machines - Up 3.6%

Shares of International Business Machines  (IBM) - Get Report rose after the computer giant posted stronger-than-expected second-quarter earnings as cloud revenue and operating margins improved. 

Earnings came to $2.33 a share, up 6.9% from the same period last year and just ahead of the consensus forecast of $2.29.

4. PPG Industries - Down 5.3%

PPG Industries  (PPG) - Get Report shares were down after the paints, coatings and specialty materials company missed Wall Street's second-quarter earnings expectations. 

The company said "pervasive raw material supply disruptions drove year-over-year cost inflation of a mid-to-high-teen percentage."

5. Halliburton - Up 2.7%

Shares of Halliburton  (HAL) - Get Report rose after the energy company beat Wall Street's second-quarter earnings expectations. 

Halliburton reported net income of $227 million, or 26 cents a share, up from $170 million, or 19 cents a share, a year ago. Revenue totaled $3.707 billion, up from $3.451 billion.