Stocks ended mixed Tuesday as tech shares slipped following a rally sparked by a possible coronavirus vaccine.
Here are some of the big gainers in the stock market on Tuesday:
1. Nelnet | Percentage Increase Over 8%
Nelnet (NNI) - Get Nelnet, Inc. Class A Report was higher after Credit Suisse analyst Moshe Orenbuch upgraded the financial services company to outperform from neutral and raised his price target to $75 from $55. The analyst said better margin has improved expectations for the company's rate of capital generation. Orenbuch said he now expects earnings of $7.50 per share in 2021, up from his earlier estimate of $6.
2. Xperi Holding | Percentage Increase Over 24%
Xperi Holding (XPER) - Get Xperi Corp Report advanced after the semiconductor materials company beat Wall Street's third-quarter earnings expectations. The company also said that its Tivo subsidiary and Comcast (CMCSA) - Get Comcast Corporation Class A Report had entered a 15-year patent license agreement that resolves all litigation outstanding between the companies.
3. Preferred Apartment Communities | Percentage Increase Over 23%
Shares of Preferred Apartment Communities (APTS) - Get Preferred Apartment Communities, Inc. Report were up after the real estate investment trust surpassed Wall Street's expectations for revenue and funds from operations. Revenue totaled $126.7 million, up from $120.2 million a year earlier. FFO came to 21 cents a share, up from 31 cents a year earlier.
4. ScanSource | Percentage Increase Over 11%
ScanSource (SCSC) - Get ScanSource, Inc. Report rose after the electronic-products company beat Wall Street's first-quarter expectations. Net sales totaled $757.3 million, down 10% year-over-year and the company said the sales reduction was primarily due to the impact of the coronavirus pandemic. As of Sept. 30 ScanSource had cash and cash equivalents of $55.6 million and total debt of $168.7 million for continuing and discontinued operations.
5. StarTek | Percentage Increase Over 20%
StarTek (SRT) - Get StarTek, Inc. Report jumped after the back-office-support company beat Wall Street's second-quarter-revenue expectations. Revenue totaled $142.2 million, compared with $160.6 million a year earlier. Revenue was down due to the covid-19 lockdowns and lower active workforce in most geographies, the company said.