Here are Three Stocks Moving the NASDAQ Today


NEW YORK (TheStreet) --Bloomberg TV's Abigail Doolittle appeared on Tuesday morning's "Bloomberg GO" from the NASDAQ to report on three stocks moving the index today.

Shares of DTS, (DTSI) an audio technology company, were surging 22.79% to $42.15. during early morning trading on Tuesday.

"Soaring on the news that Tessera Technologies (TSRA) is buying DTS for $42.50 per share in cash. The deal is expected to be immediately accretive, and DTS investors must be pretty happy this stock is up more than 85% this year," Doolittle reported.

Shares of the New York City-based media and Internet company IAC/InterActive (IAC) were also higher during early morning trading on Tuesday.

"This on an upgrade at Wells Fargo to outperform (from market perform). Analyst Peter Stabler citing valuation does not fully reflect the company's Match Group plus other assets," Doolittle noted.

Finally, shares of the Hunt Valley, MD-based telecommunications company Sinclair Broadcasting Group (SBGI) were lower during early morning trading on Tuesday.

"This after the company did pre-announce the downside to the third quarter. They cut the third-quarter view, and they are citing political spending being less than expected. Bloomberg Intelligence analysts Paul Sweeney just told our team he's calling this the 'Trump Effect,' that Trump is sending a lot less than previous Republicans and it is hurting all TV group stations," Doolittle explained.

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